Honduran Businessmen Demand BCIE Money

Businesses recommended the Government to withdraw funds contributed by Honduras to BCIE's capital.

Thursday, July 30, 2009

Such action is demanded in response to a decision by the Central American Economic Integration Bank (BCIE) to freeze funds headed to the country, a move deemed as "outrageous" by Amilcar Bulnes, president of the Honduran Council of the Private Enterprise.

"Honduran is a founding member of BCIE, and as such has money in the bank's capital. It is also a client, and has deposits by social security entities", reported Proceso Digital.

More on this topic

Honduras Hopes for Reactivation of Credit

November 2009

After the political agreement, the country hopes to restore international loans and cooperation estimated at $739 million.

The financial blockage was imposed by the United States, the European Union and Venezuela, together with financial institutions such as IMF, WB, IDB and CABEI, after the political events of June 28th.

Honduran Government Withdraws Funds From BCIE

September 2009

The government ordered private banks to withdraw deposits from the BCIE in a 20 day period.

Sandra de Midence, President of the Central Bank of Honduras (BCH), reported that Honduran banks have $60 to $70 million deposited at the Central American Economic Integration Bank (BCIE).

Pressure on BCIE for Resolving Honduras Situation

August 2009

The Honduran government asked the Central American Economic Integration Bank to quickly and favorably resolve the financial relationship, suspended after Zelaya's deposition.

Warning that "a long time has gone by without a decision by BCIE", Honduran Finance Ministry Gabriela Núñez insisted that if the Central American Economic Integration Bank (BCIE) does not resume its normal relationship by giving out loans already scheduled and others under study, Honduras may resign from the financial entity.

$1.3 billion from BCIE for the region

February 2009

The Bank said that it will not stop injecting capital, especially capital that is used for micro, small and medium companies.

Roberto Serrano, vice president of the Central American Bank for Economic Integration (BCIE), said in an article published on LA PRENSA GRAFICA.com: “Although the international economic environment is tough and funds are not flow as much as before, we have the ability to continue capturing money as well as to continue injecting resources toward the micro, small and medium companies sector."

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