World Bank plans US$100 million loan for Honduras
The World Bank is going to lend Honduras US$100 million in the second half of this year, the bank's managing director, Juan José Daboud, announced.
Tuesday, June 10, 2008
The loan is to support the government's development plans and in particular its efforts to resolve the food crisis, said Daboud, who was on a two-day visit to Honduras that included talks with President Manuel Zelaya and other senior officials.
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 approved a $200 million Development Policy Loan for Guatemala.
The World Bank funds were granted for the current fiscal year, from July 30 to June 2010.
The World Bank has announced two loans to Honduras for a total of 78.6 million dollars.
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