We will back efforts by Honduras to avoid economic chaos, says IDB representative
Steven Stone, the Inter-American Development Bank (IDB) representative in Honduras said the bank will do all it can to support measures that avoid economic turmoil.
Monday, May 26, 2008
The IDB is the principal institution in providing economic aid to Honduras. Stone said that economic chaos would mean more unemployment, greater poverty and the collapse of production.
The Central American Bank for Economic Integration (BCIE) granted a $2 million credit to Fundeser to finance small farmers and micro businessmen from both rural and urban areas.
The assistance will help identify possible investment patterns in public-private partnerships.
Program will focus on northeastern Brazil, Mexico and Central America.
The donation will be used for developing projects specified by President Porfirio Lobo.
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