MEXICO CITY, Oct. 30 (Xinhua) -- Latin American countries on Friday hailed the agreement reached between de facto Honduran leader Robert Micheletti and ousted President Manuel Zelaya on Thursday night to solve the Honduran political crisis.

    The pact includes a power-sharing government and a congressional decision on Zelaya's brief reinstatement ahead of a presidential election slated on Nov. 29.

    The Mexican government issued a statement on Friday: "This agreement, won thanks to dialogue between Hondurans, constitutes a significant advance in reaching a solution to the political crisis our brother nation is suffering.

    "Mexico congratulates the Honduran people and expresses its recognition of those who have contributed, so that today a restoration of constitutional order and democracy is possible," it said.

    "Mexico expresses its wish that the accord is swiftly put in place and manifests that it will continue accompanying Hondurans in the process of solving this crisis," the statement concluded.

    Brazil's Foreign Ministry released a statement Friday afternoon. The statement expressed confidence that the deal between the deposed and interim presidents of Honduras would put an end to the political crisis in the country.

    The agreement "created the condition to re-establish the democratic order in Honduras," allowing the integration of Honduras in the inter-American and international system, the statement said.

    Brazil also expressed its wish for "the normalization of the situation of its embassy in Tegucigalpa." The Brazilian embassy has been under siege by the de facto Honduran government since mid-September, when President Zelaya was granted shelter in the building.

    Chilean President Michelle Bachelet expressed "great happiness" for the peaceful solution to the Honduran political stalemate, saying she hoped to see the restoration of the democratic institutions in Honduras.

    Paraguay congratulated the two rivals on successfully surpassing the political impasse and strengthening democracy and institutionalism in Honduras.

    The pact "will set an end to a series of sanctions, embargoes and severing diplomatic ties," giving more political stability to the continent, Paraguay's Foreign Ministry remarked.

    Costa Rican President Oscar Arias, the main mediator in the crisis, said on Friday that the agreement brought hope to a legitimate and transparent presidential election in Honduras next month.