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.
The World Bank is considering to lend the country $1 billion in the next 4 years for infrastructure projects.
The announcement was made by Juan José Daboub, Director for Latin America at the WB, adding that “Ricardo Martinelli and his economic team ... presented a strategic investment plan, ... which focuses on infrastructure, education, tourism and security ... specially the metro system and road infrastructure”.
The financial crisis will affect all Latin American countries, despite the fact that they are better position than in the past to withstand it, said Juan Jose Daboub, general director of the World Bank.
Daboub, ex minister of Economy for El Salvador, will be in Panama next week and in his country of origin, where he will participate in the Ibero-American Summit. The institution has said that it is willing to double its loans for Latin America, which this year totaled $5 billion.
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