Honduras Ratchets Up Battle With Crypto-Libertarian Investors

Honduran President Xiomara Castro has moved to withdraw Honduras from the World Bank's International Centre for Settlement of Investment Disputes (ICSID), a step a group of international economists praised in an open letter organized by Progressive International. The dispute mechanism is being used by crypto-linked investors, led by U.S. company Próspera Inc., which seeks more than $10 billion in compensation, roughly a third of Honduras's GDP. Garcia, a presidential commissioner appointed by Castro, said the arbitration court has legally accepted the withdrawal, effective August.