Economists wrote a letter to “commend” Honduras’ decision to withdraw from an international court where it has been fighting the U.S.-based firm behind Próspera.
A group of 85 economists has backed the Honduran government’s decision to exit the World Bank’s arbitration body — adding a new twist to an ongoing battle between Honduras and the disgruntled crypto island-building firm Próspera Inc.
Próspera, the Bitcoin (BTC)-loving special economic zone on the Honduran island Roatán, named after the United States company building it, has been seeking $10.8 billion in compensation from the government after a legislation change in 2022 that killed the island’s special status.
The fight has been taking place in the International Centre for Settlement of Investment Disputes (ICSID).
