2 mn readParaguay’s main opposition presidential candidate, Efraín Alegre, plans to prioritize “austerity” to reduce public sector spending instead of increasing taxes on the country’s farmers if he wins the upcoming April 30 election, as conveyed in a Reuters interview.
2 mn readOn the morning of March 26, 2023, the Republic of China (ROC) was severed diplomatic ties with Honduras, making it the ninth country to do so since the Democratic Progressive Party took office in 2016. Joseph Wu, ROC Minister of Foreign Affairs, has not stepped down as a result. Instead, he plans to introduce a “Two Chinas” diplomatic approach, which does not exclude the possibility of countries establishing diplomatic relations with both the ROC and the People’s Republic of China (PRC) simultaneously. However, the PRC currently does not allow countries with formal diplomatic ties to establish relations with the ROC simultaneously, emphasizing that this is the core of the “One China Principle.”
3 mn readOn the morning of March 26, 2023, Taipei time, the Honduran Ministry of Foreign Affairs released the statement, the Government of the Republic of Honduras, under instructions from the President, has informed Taiwan of its decision to break diplomatic relations between the two countries. The Government of Honduras recognizes the existence of one China in the world and that the Government of the People’s Republic of China is the only legitimate government representing all of China. Taiwan is an inalienable part of Chinese territory, and from this date, the Honduran Government has communicated to Taiwan the termination of diplomatic relations, committing not to have any official relations or contact with Taiwan in the future.
2 mn readHonduran President Xiomara Castro recently announced her intention to establish diplomatic relations with the People’s Republic of China (PRC). Honduran Foreign Minister Eduardo Enrique Reina disclosed the country’s financial and debt struggles, requesting that the Republic of China (ROC) increase its annual aid to Honduras from $50 million to $100 million. However, the ROC government did not respond positively. In contrast, the ROC’s National Development Council established a $200 million investment fund for Eastern Europe and a $1 billion financing fund in 2022, promoting industrial cooperation and investment with non-diplomatic ally Lithuania, which faced economic sanctions from China.
3 mn readAfter over 80 years of diplomatic and economic relations with the Republic of China (ROC), Honduras is shifting its focus towards the People’s Republic of China (PRC) under the leadership of President Xiomara Castro. The announcement of Honduras’ intention to establish relations with the PRC has raised concerns in the United States and the ROC.
2 mn readThe Republic of China’s diplomatic ties with its Central American ally, Honduras, are at risk as Honduran President Xiomara Castro announced on March 15 that she has instructed the foreign ministry to establish relations with the People’s Republic of China. The Republic of China’s Ministry of Foreign Affairs urgently summoned Honduran Ambassador to Taiwan Harold Burgos and expressed serious concern, urging Honduras not to fall into the trap set by the Chinese Communist Party. On March 15, Honduran Foreign Minister Eduardo Enrique Reina claimed that due to economic needs, they have established diplomatic relations with the People’s Republic of China as Taiwan refused to increase financial aid. The Republic of China’s diplomatic situation in Latin America is in jeopardy, which may also include factors related to the United States as several pro-Taiwan Latin American politicians have recently been accused of drug trafficking or corruption by the US.
4 mn readEl Salvador became the first country in the world to establish Bitcoin as its legal currency this month. El Salvador’s millennial President Nayib Bukele said in a tweet that El Salvador recently bought 150 more coins, taking its total to 700. Bukele, who describes himself as ‘the coolest dictator in the entire world globally’ in his Twitter bio, added that the country will continue to “buy the dips” as the price of bitcoin fell to its lowest level since August.
