$300 Million in Loan Approved

Honduras approved a loan agreement with Taiwan's Export-Import Bank, which will be used in part to strengthen health and education infrastructure.

Friday, October 11, 2019

The credit at the international level was approved through Executive Agreement 499-2019, which contemplates in its recitals that it will serve for budgetary support "aimed at addressing priority issues of national interest aimed at economic reactivation."

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Rocío Tábora, head of the Ministry of Finance, told Laprensa.hn that "... All these options are part of a strategy, because a good part is to strengthen the health and education infrastructure where there is an important gap, they are also concessional funds."

According to reports from the Central Bank of Honduras, up to July 2019 the external debt of the public sector reached $7,310 million, a figure 2% higher than that reported in the same month of 2018.

The ratio of Public Foreign Debt Balance to Gross Domestic Product (GDP), which measures the sustainability of public external debt in the medium and long term stood at 29.3% at the end of the seventh month of 2019.

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