Honduras Suspends BCIE Payments

The Government made a formal communication to the Central American Economic Integration Bank, reporting it won't pay commitment fees for loans.

Monday, August 24, 2009

Gabriela Núñez, Finance Secretary, remarked: "We demand a responsible attitude by BCIE. They must release a formal communique stating their position towards Honduras".

Honduran newspaper La Prensa published on its website: "Payments for several thousands of dollars to the bank were suspended, because the bank went against its constitutive agreement, and is applying political actions against Honduras".

More on this topic

CABEI Resumes Operations With Honduras

January 2010

CABEI announced it will resume operations with the country's private sector, which were suspended on June 28th, 2009.

The leaders of the Central American Bank for Economic Integration (CABEI) also announced they will start reviewing those disbursements earmarked for the public sector.

Honduras Freezes Payments to CABEI

January 2010

The Government officially announced they are suspending payments to the Central American Bank for Economic Integration on their $405 million debt.

They also announced they will initiate legal action against CABEI, but this still needs to be authorized by Congress.

"Gabriela Núñez, Finance Minister, explained the decision was taken because the Bank suspended loans and disbursements to Honduras after the political events of June 28th, 2009. ... They are respecting their obligations with all other international financial organizations".

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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