|
BANADESA
BANADESA, or the National Bank for Agricultural Development ( es, Banco Nacional de Desarrollo Agrícola), is a financial development bank in Honduras. It is an autonomous institution of the State of Honduras and its aims are to promote development in the country and provide access to credit for entrepreneurs and livestock and cattle farming, among others. History It was founded on February 16, 1950, under the name ''BANAFOM'' or ''National Development Bank of Honduras'' ( es, Banco Nacional de Fomento de Honduras) and opened on the first of July of the same year. In the 1980s it was renamed BANADESA through Decree No. 903 dated 24 March 1980. Honduran president Juan Orlando Hernández Juan Orlando Hernández Alvarado (; born 28 October 1968), also known as JOH, is a Honduran lawyer and politician who served as President of Honduras from 2014 to 2022. A member of the National Party, Hernández previously served as the pres ... appointed Carlos Noe Ramirez as the new mana ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tegucigalpa
Tegucigalpa (, , ), formally Tegucigalpa, Municipality of the Central District ( es, Tegucigalpa, Municipio del Distrito Central or ''Tegucigalpa, M.D.C.''), and colloquially referred to as ''Tegus'' or ''Teguz'', is the capital and largest city of Honduras along with its sister city, Comayagüela. Claimed on 29 September 1578 by the Spaniards, Tegucigalpa became the country's capital on October 30, 1880, under President Marco Aurelio Soto, when he moved the capital from Comayagua. The Constitution of Honduras, enacted in 1982, names the sister cities of Tegucigalpa and Comayagüela as a Central District to serve as the permanent national capital, under articles 8 and 295. After the dissolution of the Federal Republic of Central America in 1841, Honduras became an individual sovereign nation with Comayagua as its capital. The capital was moved to Tegucigalpa in 1880. On January 30, 1937, Article 179 of the 1936 Honduran Constitution was changed under Decree 53 to establish Te ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Honduras
Honduras, officially the Republic of Honduras, is a country in Central America. The republic of Honduras is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. Its capital and largest city is Tegucigalpa. Honduras was home to several important Mesoamerican cultures, most notably the Maya, before the Spanish Colonization in the sixteenth century. The Spanish introduced Catholicism and the now predominant Spanish language, along with numerous customs that have blended with the indigenous culture. Honduras became independent in 1821 and has since been a republic, although it has consistently endured much social strife and political instability, and remains one of the poorest countries in the Western Hemisphere. In 1960, the northern part of what was the Mosquito Coast was transferred from Nicara ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Bank
A development financial institution (DFI), also known as a development bank or development finance company (DFC), is a financial institution that provides risk capital for economic development projects on a non-commercial basis. , total commitments (as loans, equity, guarantees and debt securities) of the major regional, multilateral and bilateral DFIs totaled US$45 billion (US$21.3 billion of which went to support the private sector). Mandate DFIs can play a crucial role in financing private and public sector investments in developing countries, in the form of higher risk loans, equity positions, and guarantees.Dirk Willem te Velde and Michael Warner (2007Use of subsidies by Development Finance Institutions in the infrastructure sector Overseas Development Institute DFIs often provide finance to the private sector for investments that promote development and to help companies to invest, especially in countries with various restrictions on the market. Some development banks i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Honduras
Politics of Honduras takes place in a framework of a multi-party system presidential representative democratic republic. The President of Honduras is both head of state and head of government. Executive power is exercised by the government. Legislative power is vested in the National Congress of Honduras. The party system is dominated by the conservative National Party of Honduras, the Liberal Party of Honduras, and Liberty and Refoundation. The Judiciary is independent of the executive and the legislature. The 1981 Constitution of Honduras provides for a fairly strong executive in some ways, but many powers conceded to the executive elsewhere are designated duties of the unicameral National Congress. A judiciary is appointed by the National Congress. That constitution delineates mechanisms for amending it, but it also declares eight articles immutable and unalterable and not subject to change, which include a guarantee of a republican form of government, and an explicit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Juan Orlando Hernández
Juan Orlando Hernández Alvarado (; born 28 October 1968), also known as JOH, is a Honduran lawyer and politician who served as President of Honduras from 2014 to 2022. A member of the National Party, Hernández previously served as the president of the National Congress of Honduras between January 2010 and June 2013, when he was given permission by the Congress to absent himself from all responsibilities in the Congress to dedicate himself to his presidential campaign. He announced that he would seek re-election in 2017, after the Supreme Court allowed it in April 2015. On 15 December 2016, the Supreme Electoral Tribunal decided, by two votes to one, to allow Hernández to stand in the primary elections by the National Party of Honduras on 12 March 2017. On 12 March 2017, he won the National Party's primary vote to allow him to represent his party during the 2017 Honduran general election on 26 November 2017. In the elections, Hernández was declared the winner by a narrow ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Honduras
The economy of Honduras is based mostly on agriculture, which accounts for 14% of its gross domestic product (GDP) in 2013. The country's leading export is coffee (US$340 million), which accounted for 22% of the total Honduran export revenues. Bananas, formerly the country's second-largest export until being virtually wiped out by 1998's Hurricane Mitch, recovered in 2000 to 57% of pre-Mitch levels. Cultivated shrimp is another important export sector. Since the late 1970s, towns in the north began industrial production through maquiladoras, especially in San Pedro Sula and Puerto Cortés. Honduras has extensive forests, marine, and mineral resources, although widespread slash and burn agricultural methods continue to destroy Honduran forests. The Honduran economy grew 4.8% in 2000, recovering from the Mitch-induced recession (−1.9%) of 1999. The Honduran maquiladora sector, the third-largest in the world, continued its strong performance in 2000, providing employmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Honduras
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1950
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
