New World Bank representative for Honduras
The World Bank has designated Geoffrey Bergen as its new representative for Honduras, said sources from the organization.
Tuesday, August 5, 2008
World Bank vice-president for Latin America and the Caribbean, Pamela Cox, officiated at the Bergen's appointment and said that "with this appointment we are reiterating our commitment to the Government of Honduras to continue on with the National Strategic Plan and to strengthen our relationship with the Government.
Juan José Daboub, director of the World Bank, visited the country, making it the first official action of the financial entity.
These World Bank funds will be used in social spending, education, health care, job generation, public structure and in the public sector.
The World Bank funds were granted for the current fiscal year, from July 30 to June 2010.
The World Bank will present a new offer of credit instruments to El Salvador following the cancellation of about 100 million dollars of loan debentures that failed to get approval in the Legislative Assembly.
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