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In this episode of Caribbean Progress, Rasheed speaks with Humberto Macias, who previously served as the Deputy General Counsel of Honduras PrósperaThe promoter behind Próspera ZEDE. Being one of the first team members to relocate to Honduras for this tremendous project, Rasheed and Humberto discuss the growth of Próspera thus far and Honduras’ varying demographics. They dive into the details of the recent repeal of the ZEDE laws by the Castro administration and the effects this might have on foreign direct investment to Honduras. They also discuss why Próspera will remain resilient even amidst the changing political environment.

Note:
ICSID - International Centre for Settlement of Investment Disputes
ZEDE - Zonas de Empleo y Desarrollo Económico [Spanish] (Zone for Employment and Economic Development)

Resources
Próspera

Key Points
[05:46] Próspera’s Target Market
[07:05] The Diverse Population of Honduras
[09:31] The Legal Foundation of Próspera (The ZEDE Law)
[14:07] Dissecting the Views on the ZEDE Law and its Repeal
[18:50] The Implications of the Repealed ZEDE Law
[21:59] Explaining the Double Repeal of the ZEDE Law
[23:24] International Trade Treaties / The Kuwait Bilateral Treaty with Honduras
[26:03] Politicians Awareness Towards the Effects of a Repeal
[27:26] International Assumptions on The Próspera Project
[30:24] Reinstatement of the ZEDE Law

Contact Info: Humberto Macias
X (Twitter): @HumbertoNMacias

Email us at progress@cpsi.org

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