Honduras foreign minister denies threats to investment after U.S. allegations

Honduran Foreign Minister Eduardo Enrique Reina has refuted allegations raised by a group of US congressmen regarding threats to foreign investments in Honduras.

Responding on Twitter, Reina assured that no investment is at risk and stated that President Xiomara Castro is working towards establishing a secure legal framework and the rule of law.

He emphasized Castro’s commitment to creating a fair business environment, characterized by transparent regulations and an end to public-private corruption.

The congressmen had sent a letter to US Secretary of State Antony Blinken and US Trade Representative Katherine Tai, expressing concerns about recent developments in Honduras and requesting the protection of American investments from expropriation.

They highlighted President Castro’s policy decisions, such as dismantling the Honduran Economic Development and Employment Zones (ZEDES) established under the previous presidency.

The congressmen cited the case of US company Honduras Prospera, whose investments were allegedly expropriated, as an example of actions that undermine legal principles and discourage future American investments.

The letter was signed by several congressmen, including Steven Horsford, Gregory W. Meeks, James E. Clyburn, Byron Donalds, Yvette D. Clarke, Joyce Beatty, Debbie Wasserman Schultz, Frederica S. Wilson, Donald M. Payne Jr., Jimmy Panetta, Stacey E. Plaskett, Jared Moskowitz, and Maria Elvira Salazar.

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