and this one in spanish..
The international banks have given Honduras the status of: HIPC country (Highly Indebted Poor Country), which means that a portion of the 6 or 7 Billion dollars will be condoned and Honduras will be no logner liable for. Statistics indicate that Honduras budgets about 60% of its GDP (Gross Domestic Product) to pay for the service of the debt, or plain interests. In other words, Honduras has an “Interest Only Mortgage” with the country while doing reverse amortization. The only reason why the International Banks have not foreclosed…. hey I think they own the country so, indeed, they foreclosed it… anyways, it semes that big reductions on the payments are expected in the years to come. My HOPE is to see those extra moneys invested in infrastructure, better healthcare, and education.