World Bank Suspends $270 Million to Honduras

Due to the political situation in Honduras, the World Bank suspended the disbursement of a loan in the amount of $270 million to the country.

Tuesday, June 30, 2009

The World Bank currently has 16 development projects in Honduras worth $400 million, among which are the $270 million that the organization decided to suspend until the political situation is cleared up.

According to Prensa.com, the president of the World Bank, Robert Zoellick, also declared, “nor will we be sending any new development projects in Honduras for approval to the executive council of the multilateral organization.”

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7 and a Half Million Hostages

February 2010

While the people of Honduras continue to suffer from international isolation, the political and diplomatic corporation of Latin America and the Caribbean will discuss its fate in Cancún.

The Rio Group (an OAS alternative), will become the next stage in which the representatives of the region’s governments will promote their own political and personal projects, as they discuss the future of a theoretically sovereign country.

Confirmed: World Bank Resumes Aid To Honduras

February 2010

The World Bank announced it will resume $390 million in loans for the new Honduran government.

After a meeting with president Porfirio Lobo, the director of the World Bank, Juan José Daboub, explained they have analyzed 17 projects currently under development, in which $270 million have been invested so far.

45 Projects Paralyzed by Political Crisis

October 2009

$684 million in projects are on hold in Honduras, due to IDB and WB freezing financial cooperation with the country.

38 projects are awaiting $456.7 million in funding from the Inter-American Development Bank. Likewise, the World Bank has 17 active projects, with $227.4 million to be disbursed.

IDB Freezes Loans to Honduras

July 2009

The IDB has “detained” all credit activity with Honduras until the political situation in the country is resolved.

The IDB currently has a “very active” portfolio of about $200 million for Honduras, reported Luis Alberto Moreno, president of the Inter-American Development Bank (IDB).

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