Juan Carlos Sikaffy, former president of COHEP: “The decision to renounce the ICSID agreement should be viewed as an act of economic self-sabotage, jeopardizing the country’s ability to attract new investments and foster economic growth. Membership in the ICSID is widely regarded as a hallmark of a stable business environment, demonstrating a commitment to safeguarding foreign investments and providing an impartial, rules-based mechanism for conflict resolution based on international standards. Honduras’ withdrawal from the ICSID pact, aligning itself with nations such as Venezuela, Bolivia and, formerly, Ecuador, in defense of national sovereignty, is likely to have a significant impact on…”
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