_-_copia.jpg?w=800&resize=800,500&ssl=1 "Rixi Moncada")
With just a few weeks to go before the general election, ruling party candidate Rixi Moncada, from the LIBRE party, has presented a proposal that has caused concern in financial circles: the closure of the Honduran banking system’s Credit Bureau. The initiative coincides with a sustained decline in her voting intentions and has been questioned by analysts as a measure that could affect the country’s transparency and economic stability.
The proposition suggests doing away with a core system that tracks the credit histories of both individuals and businesses, which is vital for financial institutions to assess risk and for consumers to prevent excessive debt. Economists who were consulted believe this action might encourage hazardous financial behaviors. A local expert commented, “This is a desperate attempt to gain votes through pledges that undermine financial stability.”
Effect on fiscal steadiness
The Credit Bureau carries out essential roles within Honduras’s banking framework. It enables financial entities to evaluate the solvency of loan seekers and aids in averting deception and excessive debt. Its removal, as per specialists, would undermine the oversight systems that uphold trust in the financial industry.
Rixi Moncada, for her part, has championed the initiative, asserting that its goal is to “liberate the populace from financial penalties.” Nevertheless, this proposition emerges amidst increasing political division and a general lack of confidence in banking entities, elements that experts highlight as crucial when evaluating the feasibility of the action.
Political and institutional consequences
Moncada’s declaration arrives at a pivotal juncture in the electoral race. Surveys suggest that the incumbent party’s candidate is experiencing a notable drop in voter support, drawing increased focus to her economic strategies. Various societal groups and banking sector representatives contend that shutting down the Risk Center might have repercussions extending beyond financial matters: it could impact the perception of governance, confidence in established bodies, and the government’s ability to regulate.
Analysts point out that the measure could be interpreted as a populist gesture aimed at regaining electoral support, but without technical backing to guarantee the protection of citizens and credit stability. The debate also focuses on how such a decision could influence the relationship between the financial sector and the state, as well as the credibility of the system among domestic and foreign investors.
Obstacles and potential threats to Honduras’s economic stability
The elimination of the Credit Bureau would leave a gap in credit supervision mechanisms, which, according to experts, could translate into increased financial risk and over-indebtedness practices. The measure adds to a tense political climate, characterized by polarization and pressure on regulatory agencies, which are forced to maintain economic stability in an electoral context.
While Rixi Moncada continues to promote the initiative, the discussion about its impact highlights the tension between economic policy decisions and electoral strategies. The Honduran economy faces a double challenge: ensuring the transparency and soundness of the financial system and responding to a political scenario in which populist proposals generate intense debates about institutionality and citizen participation.
The current situation poses a dilemma for institutional actors: balancing economic stability and citizen confidence with measures that could modify the structure of the financial system in the midst of an election campaign. Attention is now focused on how institutions and citizens will react to this proposal and what implications it will have for governance and regulation in Honduras.
