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Honduran Poverty Will Endure
Two Centuries
Honduras will need at least 200
years to reduce poverty,
revealed Glenda Gallardo,
representative of the UN Program
for Development.
The average economic increment
in the last 15 years of 0.4
percent will not permit
fulfilment of the Poverty
Reduction Strategy, according to
analyst and consultant Pedro
Morazan.
Official figures show that 5.9
percent of economically active
Hondurans are unemployed and 36
percent have more than one
informal job.
The economy, based on
exportation of bananas and
coffee, relies on remittances
sent by those who did not have
any choice but to migrate.
According to the Inter-American
Development Bank, family
remittances reached 1.13 billion
dollars in 2004 and is estimated
to hit one and a half billion by
the end of 2005.
The economic and social
inequality in Honduras is one of
the worst in Latin America, UNPD
asserts.
Data from the Honduran National
Statistics Institute show six of
every ten Hondurans lives in
poverty and four live in abject
poverty.
The source recognized it is the
second poorest country in
Central America and the third in
Latin America, after Haiti and
Nicaragua.
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