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Monday, September 10, 2012

''Honduras signs deal to create private cities''

From Stratrisks

''The government of Honduras has signed a deal with private investors for the construction of three privately run cities with their own legal and tax systems.

The memorandum of agreement signed Tuesday is part of a controversial experiment meant to bring badly needed economic growth to this small Central American country. Its weak government and failing infrastructure are being overwhelmed by corruption, drug-linked crime and lingering instability from a 2009 political coup.''

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