Honduras Próspera, Inc. reiterates its commitment to the legal platform of Próspera ZEDE
By Próspera Team1 min read
The United States of America investment company, Honduras Prospera, Inc. has demonstrated and hereby reiterates its commitment to the socioeconomic development of Honduras. Since 2018, Honduras Prospera has invested significant resources in Honduras and has made Prospera ZEDE an important platform for the development of the Honduran nation. Even as the Republic of Honduras is taking steps to repeal aspects of the legal framework for special economic development zones (ZEDEs), the Company remains committed to the successful development of Próspera ZEDE by virtue of the legal stability commitments the State of Honduras has made to investors.
In investing in Honduras, the company relied on specific guarantees of legal stability provided by the Honduran State itself, which ensured that the rights and powers provided by the ZEDE legal framework would remain in place for Prospera for many decades to come. Honduras Próspera, Inc. respects the sovereignty of Honduras and its right to change its laws, but expects the Government of Honduras to respect its commitments and obligations under legal stability agreements and international treaties, which is consistent with President Castro's assurances to the U.S. Assistant Secretary of State for Economic Growth, Energy and the Environment that Honduras will guarantee legal certainty to attract foreign investment.
Honduras Próspera adheres to the shared principle that Hondurans must be empowered to control their own destiny and reach their true potential. The company reaffirms its commitment to continue ongoing cooperation and discussions with Honduran officials, reiterating at all times its rights under legal stability agreements and international treaties that form part of Honduran domestic law. Honduras Próspera looks forward to a productive dialogue that demonstrates to the world that Honduras welcomes serious investors to promote the economic growth and development of the country.