Plan for crisis in Honduras rises to $530 millions

The Government increased to $530 million the funds that will be used to stimulate sectors such as the construction and maquila industries.

Wednesday, January 14, 2009

According to Reuters: "In mid December, the Government of President Manual Zelaya said that they would inject 210 million dollars into the state and private banks so that they can provide credit to those sectors, but now they have indicated that the figure will be doubled.

More on this topic

El Salvador: The Banking System in November 2015

November 2015

The liquidity of the banking system grew by 30% in the last twelve months, helped by the growth of liquid assets of banks and the extension of terms for external loans.

The report by the Central Bank concludes in its study on financial stability that the Salvadoran banking system continues to show a position of robust solvency in terms of liquidity levels which have been expanded in recent months.

Analysis of Financial Sector in Central America

August 2014

For the last four years the loan portfolio of the Salvadoran financial system has been growing at an average rate of 3.5%, below the 11% growth average in the rest of the region.

A report produced by the rating agency Moody's notes that growth in El Salvador's financial sector has been stagnant since 2010, as the total loan portfolio has not achieved growth rates above 3.5% per year.

$500 Million for Panamanian Banking

April 2009

The approved loan by the IDB must be submitted to the National Bank of Panama and it will be used to restore liquidity.

The National Bank of Panama will offer lines of credit for banks through a financial stimulus trust.

According to what published: "This loan was provided through the New Liquidity Program for Sustainable Growth of the IDB, which has 6 billion dollars to help countries and their commercial banks that are burdened by the lack of credit due to the crisis to get money."

$370 million to the Honduran banking system

December 2008

The president Manuel Zelaya passed two decrees that were approved in an extraordinary session by Congress.

The executive decree 174 - 2008 authorizes the Central Bank of Honduras to inject in the domestic financial system $ 265 million to continue the monetary policy to boost the production and development, and the other one is the executive decree 175-2008, to strengthen the entire national financial system, which consists of $ 105 million to provide credit for the Honduran financial system.

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