In Honduras about 6 in 10 households persist in poverty, ASJ report says

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By LatAm Reports Editorial Team

The Association for a More Fairer Society (ASJ) presented through a report in the State of the Country, in which it has emphasized that six out of 10 households in Honduras live in poverty, this analysis highlights the challenges and opportunities for the Honduran economy.

Despite the government’s actions to improve the economy and finances, structural problems still persisting affecting many Honduran families, according to ASJ.

In the presentation of the report, the Honduran chapter of Transparency International pointed out that while economic growth in 2023 was 3.9 per cent, it is insufficient to improve the well-being of the population.

In addition, families with higher purchasing power received 14 times more monthly income than families with less incomes, with a slight improvement over 2022.

On the other hand, the increase in prices in food and essential services has also impacted the population. The basic food basket increased by 7 percent from 2022 and 29 percent compared to 2021, it desagled.

Despite these challenges, he noted that investment in Honduras has declined over the past eight years, and the country faces difficulties in the rule of law and the effectiveness of the Government.

According to data from the National Institute of Statistics (INE) between September 2022 and June 2023, 24,908 jobs were lost and 8 out of 10 people employed were in informal work, limiting the development of the population.

To meet the challenges in the area of economy and finance, ASJ recommends that the Honduran government issue comprehensive public policies, aimed at incentivizing national production, diversifying the exportable supply, in order to generate employment and well-being for the population.

This article has been translated from the original which first appeared in Hondu Diario