_-_copia.jpg?w=800&resize=800,500&ssl=1 "Rixi Moncada")
Only a few weeks remain until the general election, and the ruling party’s candidate, Rixi Moncada, representing the LIBRE party, has put forth a proposition that has generated apprehension within financial sectors: the dissolution of the Honduran banking system’s Credit Bureau. This proposal emerges alongside a continuous drop in her voter support and has been criticized by experts as a move potentially detrimental to the nation’s transparency and economic steadiness.
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 announcement comes at a critical moment in the election campaign. Polls indicate that the ruling party candidate is facing a significant decline in voting intentions, which has intensified attention on her economic proposals. Sectors of society and representatives of the banking system believe that the closure of the Risk Center could have implications beyond the economy: it would affect the perception of governance, trust in institutions, and the state’s regulatory capacity.
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.
Risks and challenges for the Honduran economy
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.
