William Chong Wong

William Chong Wong (died June 17, 2018) was a Honduran economist, professor and politician. He twice served as Minister of Finance of Honduras, during the administrations of President Ricardo Maduro and President Porfirio Lobo Sosa. He was born in Honduras to Chinese immigrant parents and educated in Spain and the United States. He was a professor at Universidad Nacional Autónoma de Honduras and co-founded the Central American Technological University in 1987.

William Chong Wong
Minister of Finance of Honduras
In office 2010–2012
President	Porfirio Lobo
Preceded by	Gabriela Núñez
Succeeded by	Héctor Guillén
Minister of Finance of Honduras
In office 2004–2006
President	Ricardo Maduro
Preceded by	José Arturo Alvarado
Succeeded by	Hugo Noé Pino
Personal details
Born	Puerto Cortés, Honduras
Died	June 17, 2018 Tegucigalpa, Honduras
Political party	National Party of Honduras

Early life and education

Chong Wong was born in Puerto Cortés, Honduras,[1] the eldest of five sons of two Chinese immigrants who had fled war-torn China in the 1940s.[2] His father arrived in Honduras at the age of 28, via Hong Kong, the United States and Cuba. His mother arrived in 1947.[2] He attended schools in Puerto Cortés and San Pedro Sula, before going to Spain to study chemical engineering. However, when his father died, he had to return to Honduras to help run the family's grocery store, as his mother spoke little Spanish.[2] He later went to the United States to study economics and accounting.[2]

Career

After graduating from university, he worked in Tegucigalpa, the capital of Honduras, for the representative office of an American company. He started teaching at Universidad Nacional Autónoma de Honduras (UNAH) at age 21, and had a teaching career that lasted for 34 years.[2] He later became a manager at the National Bank for Agricultural Development (BANADESA), beginning his career in the public sector.[2] In 1987, he co-founded the Central American Technological University (UNITEC), where he served as a director and professor.[2][3][4]

Chong Wong was appointed Minister of Finance of Honduras by President Ricardo Maduro in 2004.[1] During his tenure he completed the negotiation with the Paris Club for the cancellation of external debt owed by Honduras.[1][2] When Porfirio Lobo Sosa became President of Honduras in January 2010, Chong Wong was again appointed as Minister of Finance. However, during Honduras' negotiation with the International Monetary Fund (IMF) for a new aid agreement, IMF found that Honduras had failed to reach its deficit target in 2011. Chong Wong took responsibility and resigned in February 2012.[5]

A week before his death in June 2018, Chong Wong was named as one of the 38 people implicated in a corruption case filed by MACCIH, the anti-corruption agency of the Organization of American States (OAS). The so-called "Pandora case" involved the alleged diversion of 282 million lempiras (about US$11.2 million) of public funds during the 2013 election campaign. He denied any wrongdoing.[3][4]

Personal life and death

Chong Wong was a Roman Catholic. He never married and had no children.[2]

Chong Wong suffered from pancreatic cancer for the last two years of his life. He sought treatment in the United States and underwent chemotherapy.[3] He died in Tegucigalpa on June 17, 2018, from respiratory arrest.[3][4]

References

1. "Quién fue el recién fallecido ex ministro William Chong Wong". Once Noticias (in Spanish). 2018-06-18. Retrieved 2018-07-08.
2. Mendez Montenegro, Marulyn (2018-06-17). "Honduras: Quién era William Chong Wong". Diario La Prensa (in Spanish). Retrieved 2018-07-09.
3. "Muere el exsecretario hondureño William Chong Wong". Diario La Prensa (in Spanish). 2018-06-17. Retrieved 2018-07-09.
4. Rivera, Leandro (2018-06-17). "Fallece uno de los implicados en el caso de corrupción "Caja de Pandora"". Once Noticias (in Spanish). Retrieved 2018-07-08.
5. "Honduras Finance Minister resigns after IMF mission". Reuters. 2012-02-13. Retrieved 2018-07-09.