Honduras is the second fastest-growing economy in Central America, largely due to its export industry and family remittances sent from the United States. Popular agricultural products include sugarcane, oil palm fruit, milk, bananas, maize, coffee, melons, oranges, poultry, and beans.
In 2020, economic activity in Honduras was significantly impacted by external shocks and disasters linked to climate change, namely the COVID-19 pandemic and hurricanes Eta and Iota. It is now estimated that more than half of Honduras’ population experiences poverty. With agriculture being the main source of income for Hondurans living below the poverty line, strengthening the sector is a key development priority.
Since 1970, MEDA has been actively engaged in Central America and the Caribbean through interventions to enhance inclusive financial services, support business development services, and facilitate market linkages. Our work today is increasingly focused on designing and implementing interventions with local partners with an emphasis on agri-food market systems to create decent work opportunities for women, men, and youth.
Between 1970-1977, MEDA supported 36 different projects in Honduras. In December 2023, MEDA launched a new initiative that will focus on creating decent work opportunities for women and youth in the cacao and coffee sector in Honduras. The new Opportunities for Circular and Inclusive Diversification of Agriculture (OCIDA) project is a five-year initiative (2024-2029) that aims to improve the well-being of women and youth in the cacao and coffee sectors in Honduras, funded by Global Affairs Canada and MEDA.
Decent Jobs:
Individual entrepreneurs or smallholder farmers if their work achieves at least one of the following:
Clients:
Individuals, businesses and other organizations directly benefiting from financial or technical assistance from a MEDA intervention as part of a formal contract, including the following sub-categories:
