In this week's Morazan Monday, we discuss the top 5 groups in Morazán that will be most hurt by Honduras' Supreme Court and its radical and unprecedented decision to declare the 11 year old special economic zones (ZEDEs) regime unconstitutional, retroactively! 😢

🧵👇 pic.twitter.com/EWIjaW78Hm

— Alex Ugorji (@AlexUgorji_) October 2, 2024

Recap: In 2013 Honduras’ Congress explicitly amended its constitution to allow for ZEDEs 📜

Since then 3 ZEDEs were chartered, 2 supreme courts ruled them legal, and 3 presidents supported them ✅

​Now a new radical court wants to repeal the ZEDEs with retroactive effect! 🙀

2) Businesses 💼

Morazan has 20+ companies in sectors such as real estate, energy, software, financial tech, and more! 📈

Then there are the small restaurants and stores that are some of the only urban businesses in Honduras that don't have to pay protection money to gangs 🔫 pic.twitter.com/7kbqiWjqcc

— Alex Ugorji (@AlexUgorji_) October 2, 2024

4) Honduras’ ability to attract investors 💹

Investment is essential for 🇭🇳's growth 📈

But who wants to invest in a country that retroactively repeals a constitutional amendment confirmed by two previous courts, and supported by 3 administrations over 11 years… 🧐 pic.twitter.com/bipJVoePD2

— Alex Ugorji (@AlexUgorji_) October 2, 2024

In summary 📰

The unprecedented ruling of Honduras' radical supreme court's is currently drafting is not just going to destroy the court's reputation📉

It is going to bring great harm to the country and its people 🇭🇳

There's time for the court to change, but not much…⌛️ pic.twitter.com/YIgaFl23u9

— Alex Ugorji (@AlexUgorji_) October 2, 2024