$48.6 million for Honduras road network

World Bank vice president for Latin America, Pamela Cox, and the Honduran Minister of Finance , Rebeca Santos, signed two credit agreements for a total of $58.6 million.

Tuesday, October 14, 2008

According to Rebeca Santos, the first loan for $10 million is in line with the Bank's strategy of supporting international efforts to overcome the world food crisis.
The second agreement that was signed is the Road Rehabilitation and Improvement Project for $48.6 million.
Cox explained that the project was designed to facilitate innovation in the governance of the highway sector by SOPTRAVI and the Highway Fund, in coordination with the civil society regarding social auditing and the prevention of HIV/AIDS, as well as to improve the quality of the Corredor Central road network and the connection of the City of La Esperanza with the El Salvador border.

More on this topic

Latin American supermarkets proposed alliance

September 2008

A multi-sector alliance was proposed to help deal with the world food crises that is affecting millions of people around the world.

During the third Congress of the Pan-American Association of Latin American Supermarkets (ALAS) that was held in the colonial city of Antigua, some 45 kilometers east of the Guatemalan capital, businessmen made known the "general concern" about the increase in food prices in the international market.

World Bank: 500 million dollars available for El Salvador

June 2008

The World Bank is offering a 500 million dollar loan package to the El Salvadorean government and to the opposition, with low interest rates and an extended repayment period.

It said that now is the time to restructure debt and that this will be necessary for the next government, no matter which party forms it.

Panama won't increase its IDB debt

June 2008

A spokesman for the International Development Bank (IDB), Marcelo Antinori, says Panama is unlikely to accept a 500-million-dollar line of credit.

The IDB is offering this line of credit to Latin American countries to mitigate the social and economic effects of the food crisis.

Aid offered in food crisis

May 2008

The Inter-American Development Bank on Tuesday announced a $500 million line of credit for Central America in hopes of heading off food-price unrest.

Trying to get ahead of potential unrest because of rising food and energy prices, the Inter-American Development Bank on Tuesday announced a new $500 million line of credit for six Central American nations and the Dominican Republic.

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