World Bank to provide rural development credit in Honduras
The World Bank has announced two loans to Honduras for a total of 78.6 million dollars.
Thursday, June 19, 2008
The funds will be used for a project to improve competitiveness in rural arias and for a highway improvement program.
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 is offering a 500 million dollar loan package to the El Salvadorean government and to the opposition, with low interest rates and an extended repayment period.
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.
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