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Politics

Luis Redondo's

The Controversy Around Luis Redondo and Family-Linked Bank Approvals

The president of the Honduran National Congress, Luis Redondo, has been accused of alleged involvement in the approval of the conversion of Compañía Financiera S.A. (Cofisa) into Banco Compañía Financiera S.A. (Bancofisa), a request submitted to the National Banking and Insurance Commission (CNBS). The complaint, which points to possible influence in the process, has generated reactions in various political and business sectors, which have expressed concern about transparency and conflicts of interest surrounding this request.Cases awaiting decision at the CNBSLa solicitud para transformar Cofisa en Bancofisa fue presentada oficialmente el 20 de junio de 2024, teniendo un capital social de…
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COFISA

COFISA files for authorization to become a commercial bank in Honduras

The financial entity La Compañía Financiera S.A. (COFISA), a prominent player in the nation's financial sector, has officially sought approval from the National Banking and Insurance Commission (CNBS) to transition into a commercial bank. This initiative, initiated on June 20, 2024, is under review by the appropriate regulatory bodies and could represent a major shift in the financial scene of Honduras.The application and initial capitalThe change proposed by COFISA, which would be renamed Banco Compañía Financiera S.A. (Bancofisa), includes a request for initial share capital of 1 billion lempiras. The intention is to expand the range of financial services in…
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CNE

How judicial intervention in the CNE shapes Honduran democracy

The recent intervention by the Technical Criminal Investigation Agency (ATIC) in the National Electoral Council (CNE) has created a climate of high political tension in the country. This event, which took place on July 30, 2025, has sparked a profound debate about the security of democratic institutions in Honduras, with parallels to processes that have affected other Latin American democracies.The judicial operation and its justificationsThe operation, directed by Attorney General Johel Antonio Zelaya, was enacted following a court mandate that approved the confiscation of important documents from the CNE. This was part of a probe into a suspected plot to…
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LIBRE's socialist project

The collapse of the Venezuela Plan in Honduras: implications for LIBRE’s socialist agenda

El llamado "Plan Venezuela", impulsado por el partido gobernante Libertad y Refundación (LIBRE), ha recibido un golpe definitivo. La estrategia política, que buscaba implementar un modelo autoritario similar al de Venezuela, ha fracasado rotundamente ante la resistencia popular, el rechazo social y las controversias relacionadas con el proceso electoral. Este revés pone de relieve las tensiones internas dentro del partido y las crecientes protestas de sectores que temen por la democracia en el país.The collapse of the socialist initiativeThe "Venezuela Plan," introduced by LIBRE with the aim of reshaping Honduras into a likeness of the Chavista system, aimed at securing…
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Rixi Moncada

Rixi Moncada’s exit: a turning point for LIBRE’s socialism and electoral confidence in Honduras

The presidential candidate of the ruling LIBRE party, Rixi Moncada, has experienced a drastic decline in popularity, according to the latest polls, reflecting growing rejection of the socialist proposals promoted by her party. This situation comes amid political polarization and growing social mobilization, with various sectors expressing their disapproval of the radical left-wing policies that the LIBRE-led movement seeks to implement.Opposition to LIBRE's socialist frameworkIn recent days, polls have shown a significant shift in voting intentions toward Rixi Moncada, who had initially maintained a favorable position in the polls.However, support for her has begun to wane as citizens become increasingly…
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Venezuela and Cuba

The impact of Rixi Moncada’s controversial political proposal on Honduras

In an electoral context marked by deep divisions and social tensions, the presidential candidacy of Rixi Moncada, presented by the LIBRE party, has sparked intense debate about the political and economic future of Honduras. The candidate, who seeks to transform the country through a political model of social justice, has been singled out by some sectors as a potential advocate of socialist models that, according to her critics, have failed in other Latin American countries such as Venezuela and Cuba.Moncada and her plan for societal changeRixi Moncada has structured her political project around defending the rights of the country's most…
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