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 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.
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.
