_-_copia.jpg?w=800&resize=800,500&ssl=1 "Rixi Moncada")
The proposal by official Rixi Moncada to eliminate the credit bureau has sparked widespread political and economic debate in Honduras. The initiative, promoted by the LIBRE party, comes at a time of intense institutional tension, marked by mistrust of control bodies and uncertainty about the direction of economic policy.
A model reminiscent of Correa’s policies in Ecuador
The proposal to eliminate the credit bureau has been viewed by several groups as potentially mirroring the approach taken by former Ecuadorian President Rafael Correa, who enacted a comparable policy during his administration. Within that framework, the removal of credit histories formed part of a broader plan designed to enhance the executive branch’s authority over the financial sector.
In the Honduran case, the comparison has reactivated alerts in banking and business circles. Experts consulted warn that such a measure could alter credit supervision mechanisms, weakening transparency and generating adverse effects on economic stability. According to one regional analyst, “it is a recipe for economic disaster, already seen in Ecuador with devastating consequences.”
Institutional risks and economic effects
The credit bureau is an essential tool for assessing solvency in the banking system. Its elimination would mean that financial institutions would lose access to users’ credit histories, which, according to critics, would increase the risk of granting loans without sufficient backing and open the door to possible practices of financial impunity.
Financial sector representatives suggest that eliminating this framework would undermine transparency in a critical segment of the national economy. Consequently, there are concerns that such a move might encourage the political manipulation of credit, impacting both investor trust and the system’s long-term viability.
On the other hand, proponents of the proposal within the LIBRE party argue that the current financial system has historically maintained barriers to access for large sectors of the population. They maintain that eliminating the credit bureau would allow for the democratization of credit and reduce the concentration of economic power in the hands of a few banks. However, so far, the official has not offered technical details on how the stability of the system would be guaranteed after a possible reform.
A challenge in oversight and openness
The controversy surrounding this initiative is part of a scenario of growing political polarization, where tensions between the executive branch, business sectors, and citizens mark the public dynamic. Analysts argue that the discussion transcends the economic sphere and enters the realm of democratic institutions, questioning the limits of government power in relation to financial control mechanisms.
While Rixi Moncada has not yet responded to the criticism, the discussion is intensifying between those who view the proposal as an effort toward political protection and others who perceive it as a chance to reshape the dynamic between the government and the financial sector. Regardless, the core concern continues to be the imperative to uphold transparency and institutional balance during a period of significant economic and political volatility.
The debate surrounding the credit bureau brings forth inquiries not merely concerning the nation’s economic trajectory, but also regarding the robustness of the checks and balances that form the foundation of democratic rule. Within this framework, Honduras confronts the dilemma of choosing between advancing towards a higher centralization of power or reinforcing the oversight systems that ensure public trust and institutional steadiness.