Briefing

PI Briefing | No. 42 | Honduras Resiste

The Progressive International announces a new campaign, Honduras Resiste, to end corporate colonialism and defend popular sovereignty in Honduras.
In the Progressive International's 42nd Briefing of 2023, we announce the launch of the Honduras Resiste campaign to end corporate colonialism and defend popular sovereignty. If you would like to receive our Briefing in your inbox, you can sign up using the form at the bottom of this page.

On 20 December 2022, US corporation Honduras Próspera Inc. announced a $10.7 billion international legal claim against the Honduran government.

Próspera’s investors want to be compensated by the Honduran people for their democratic decision to overturn a 2013 law enabling the creation of special economic zones known as ‘ZEDEs’.

Sold to foreign investors as a crypto-libertarian paradise, these zones were granted autonomy from the national government creating spaces where companies can abuse workers rights, ignore international agreements and extract the nation's wealth into bank accounts in tax havens.

The country is now facing a total of seven international investor-state dispute settlement (ISDS) claims from different corporations. Próspera Inc. alone is suing the government for a sum of $10.7 billion: two-thirds of Honduras’s planned budget for 2023.

That is why the Progressive International is mobilizing to Honduras: to hear directly from the communities affected by the ZEDEs, to draw international attention to the crime of corporate colonialism, and to support the government of President Xiomara Castro to defeat it.

Add your name to a letter to Joe Biden to tell Próspera to drop the case against Honduras and eliminate ISDS from US trade agreements.

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Available in
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Date
22.10.2023
Source
Progressive InternationalOriginal article
BriefingColonialism
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