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Poverty in Honduras

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Honduran Flag

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]

Causes

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There are many contributing factors to Hondura's high poverty rate, starting with the lack of government. Juan Orlando Hernández, formal Honduran president (2014-2022), managed a corrupt government causing massive destruction of institutionally, debt, among others.[2][6][7] Poverty also plays a big contribution to the poor 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] The lack of resilience to natural disasters causes economy recession to the country. 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]Lastly the lack of market development holds the country back from developing and increases in the economy. 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]

Assists Over the Years

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The 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 achieve agriculture to enter the private sector. [5][9] The World Food Program (WFP) is 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] The USAID is working alongside the WFP by supplying cash transfer. [1] The 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]

References

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  1. ^ a b c "Food Assistance Fact Sheet - Honduras | Food Assistance". U.S. Agency for International Development. 2022-10-13. Retrieved 2024-10-03.
  2. ^ a b "El Instituto Nacional de Estadística (INE) socializa logros significativos en la reducción de la pobreza en Honduras - INE" (in Spanish). 2023-12-05. Retrieved 2024-10-03.
  3. ^ "Honduras country strategic plan (2023–2027) | World Food Programme". www.wfp.org. Retrieved 2024-10-03.
  4. ^ a b c d "Overview". World Bank. Retrieved 2024-10-04.
  5. ^ a b c "Enabling poor rural people to overcome poverty in Honduras". International Fund for Agricultural Development. November 2011. Retrieved October 3, 2024.
  6. ^ "Honduras - Market Challenges". www.trade.gov. 2024-01-25. Retrieved 2024-10-04.
  7. ^ a b "U.S. Relations With Honduras". United States Department of State. Retrieved 2024-10-04.
  8. ^ "Honduras - Market Challenges". www.trade.gov. 2024-01-25. Retrieved 2024-10-04.
  9. ^ "Honduras and IFAD will work together to foster resilient small agriculture". The International Fund for Agricultural Development. November 2, 2021. Retrieved October 3, 2024.
  10. ^ "Honduras country strategic plan (2023–2027) | World Food Programme". www.wfp.org. Retrieved 2024-10-07.