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Honduras, is one of the poorest country in Latin American and the Caribbean.[1] With a 64.1% poverty rate in 2023, Honduras has struggled to overcome poverty over a large period of time. [2] Due to causes like corruption, lack of education, economic instability, lack of resilience to natural disasters, and lack of market development, Honduras has suffered the consequences of a high poverty rate. [3][4] Poverty in Honduras is mainly comprised of the rural areas. [5]
Contributing factors to Honduras high poverty rate:
Juan Orlando HernándezLack of a stable government: Juan Orlando Hernández, formal Honduran president (2014-2022), managed a corrupt government causing massive destruction of institutionally, debt, among others.[2][6][7]
Lack of Education: The majority of the population is not educated, making it difficult to develop as a country, through smart and impactful decisions in the fast changing world. [7]
Lack of Resilience to Natural Disasters: Suffering from various natural disasters, like Hurricanes Eta and Iota, Honduras has no resilience to natural disasters, as it lacks preparedness and, adaptability and recovery after natural disasters. [4][8]
Lack of market development: Honduras' main income comes from agriculture, happening in rural areas, also the poorest areas of the country. This means lacking innovation, modernization, technology, and efficiency, making it difficult to expand to other market and become competitive in the agriculture market. [5][1]
IFAD: Focuses on decreasing rural poverty in Honduras by, modernizing technology, helping with climate resilience, giving farmers financial opportunities and access to insurance, agriculture solutions, increasing efficiency in farms, and acheive agriculture to enter the private sector. [5][9]
World Food Program (WFP): Working towards improving food security and poverty, mainly focusing on improving resilience to natural disasters, increasing food stability, nutrition for vulnerable groups, and decreasing poverty in general. It is focusing on main goals, including, meeting food and nutrition needs, giving a safe home to populations, secure health and protection services, and developing a secure response system to problems. [10]
USAID: Working alongside the WFP by supplying cash transfer. [1]
World Bank Group: Has three main focuses on how to reduce poverty. These being: Economic and job development, better opportunities for development for people, and adaptability and recovery for natural disasters. Organizations like GASFSP, GFF, Gavi, JSDF, and GPE, are donating millions of dollars towards these three main causes of poverty. [4]
Finalized contributions by the World Bank Group: Construction of 18 schools, construction of water sanitation structures benefiting over 117,000 people after hurricanes Eta and Iota, government advising, opening of preschools, etc. [4]
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