Honduras

Home to approximately 11 million people, this Central American nation benefits from its geographical proximity to the United States, a skilled labor force, a solid industrial base, as well as abundant agricultural and natural resources. An attractive destination for foreign investors, in recent years a growing number of multinational companies have established their presence in the country. Additionally, the government has taken proactive steps to tackle corruption and foster economic inclusivity.

Still, the pace of regulatory changes has been uneven, and the business climate remains challenging. Issues such as political instability, security concerns and corruption, bureaucratic hurdles and inadequate infrastructure continue to impede commercial operations. High informality and unemployment rates in the labor market, the over-dependence on the US economy, and vulnerability to climatic events like hurricanes and droughts further exacerbate these challenges.