The U.S. Agency for International Development has announced the close of its operations in Panama in September 2012.
"In the 50 years of operation in the country, USAID has assisted with over $1.2 billion aimed at agricultural and community development programs, to large construction projects and expansion of public facilities", reports Panamaamerica.com.pa .
At least 20% of Nicaragua's economic growth in recent years is the result of economic and commercial support from Venezuela.
A study by the Nicaraguan Foundation for Economic and Social Development (FUNIDES) shows that in 2010, when the economy was growing at 4.5 percent, the contribution of the relationship with Venezuela was 1.1 percentage point. In 2011, when growth was 4.7%, the Venezuelan contribution to the figure was 0.9%.
During February, the country will receive an IMF mission to assess the agreement signed in 2010.
The president of the Central Bank of Honduras told the press that members expect 'good reviews' because they have been fulfilling the goals set by the Government.
"Indicators show that goals were reached, in some cases exceeded, such as international reserves," said Mondragon," Laprensa.hn reported.
Taiwan's donation will go to thirteen social projects in areas of health, employment, education and infrastructure.
Resources will also be assigned to projects for strengthening small and medium enterprises.
Among projects for education, by the end of this year 12,500 computers will be delivered to school children.
An article by Terra reports, "funds will be invested in social programs in various regions of Honduras, one of them in housing for poor families sponsored by the mayor of Tegucigalpa, Ricardo Alvarez.".
The coming Tuesday Honduras will receive an IMF technical mission to negotiate the new economic program.
The team will be headed up by Przemek Gajdeczka, who also led the group that came in March for the Article IV consultation. Polish Gajdeczka will come with five subject area experts, especially in fiscal policy, which is what the Porfirio Lobo Sosa government is particularly struggling with.
The Executive Board of the International Monetary Fund will decide no earlier than July.
An IMF mission conducted discussions on the 2010 Article IV consultation with Honduras during May 17-27. The mission met with President Porfirio Lobo, the government’s economic team, as well as private sector and civil society representatives.
Discussions focused on the economic outlook for 2010 and the macroeconomic policy response of the government.
Denmark's International Development Agency announced it will cease aid to Latin America, with Nicaragua and Bolivia the most affected.
In 2008, Nicaragua received $36 million from this organization.
"The Danish government had previously signaled its intention of changing its cooperation strategy, in order to focus on Africa", reported Laprensa.com.ni.
The Central American Bank for Economic Integration announced it will start disbursing money to Honduras in the upcoming days.
The entity explained it had decided to do so in its first directive meeting, in early 2010.
“However, in order to disburse money to the Honduran public and private sector, several items had to be in place. For example, the country had to be up to date with its obligations to the bank”.
The board of directors of the IDB has decided to resume relations with Honduras.
In a few days, the Inter-American Development Bank will send a mission to Honduras, which could announce the portfolio of joint projects for 2010.
"Most multilateral financial institutions such as IDB, the World Bank and the IMF suspended relations with Honduras after the political crisis", reported Laprensagrafica.com.
From March 15 to 25, the International Monetary Fund (IMF), will evaluate the country’s economy in the wake of 2009’s political crisis.
After this assessment, the IMF may reach an agreement with the Government for a loan or some sort of cooperation, explained María Elena Mondragón, president of the Central Bank.
“The official remarked that a new agreement with the IMF would be in line with the Government Plan proposed by President Porfirio Lobo, with ‘coherent’ proposals”.
The announcement was made by U.S. State Secretary Hillary Clinton, in San José, Costa Rica.
Clinton remarked that Honduras has taken important actions that “deserve recognition and normalization”.
“For the U.S. administration, new President Porfirio Lobo, elected in ‘free, just and legitimate’ elections, has ‘moved quickly to implement several recommendations’ included in the San José Agreement, promoted by Costa Rican president Oscar Arias, as well as the Tegucigalpa-San José Agreement, promoted by the United States”, reported Elnuevodiario.com.ni.
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.
“I have also told the president and the members of the economic cabinet that the bank has $120 million available for whatever priorities the government indicates” said Daboub.
Juan José Daboub, director of the World Bank, visited the country, making it the first official action of the financial entity.
William Chong, Honduras, finance minister, told journalists at a press conference that Daboub plans to meet with president Porfirio Lobo, the council of ministers and the economic cabinet.
Chong added: “In this visit, we hope to define the guidelines for a fast recognition of the new government of Honduras”.
Hillary Clinton, U.S. State Secretary, announced that her country intends to reactivate economic aid to Honduras.
Laprensa.hn reported that “Clinton stated her interest in strengthening social programs in the country, those geared to the most vulnerable population”.
U.S. economic aid was suspended after the destitution of ex president Manuel Zelaya on June 28, 2009.
The announcement was made by Hugo Llorens, U.S. ambassador in Honduras.
’It is not fair to isolate Honduras. In Washington, we are beginning the process to unfreeze economic aid for the country’, said Llorens, at a press conference with President Porfirio Lobo.
Economic assistance to Honduras was suspended seven months ago, as a way of forcing the de facto government to reinstate President Manuel Zelaya.