$60 Million Approved for Public Infrastructure

The Inter-American Development Bank loan will be used to finance wastewater projects in Honduras, sewerage works, construction of sports infrastructure, and other works.

Thursday, October 11, 2018

On October 10th, the Congress of Honduras approved a $60 million loan from the Inter-American Development Bank (IDB), to be paid over 25 years at an annual interest rate of 0.25%.

Latribuna.hn says that "... The loan funds will be used to implement wastewater treatment projects, sewer systems, construction of sports fields for young people to have recreational spaces, and the construction of two police training centers in Tegucigalpa and San Pedro Sula to strengthen the Community Police in developing neighborhoods in Tegucigalpa and San Pedro Sula."

On the other hand, Mauricio Oliva, president of the Legislative Chamber, explained that "... The loan is concessional, because it is a 25-year term and five-year deferment and 0.25% annual interest."

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The Legislative Assembly approved a $35 million loan from the Inter-American Development Bank to "support the country in the implementation of its fiscal reform program.”

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El Salvador: $350 million to Cover Fiscal Deficit

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El Salvador's Congress approved an IDB loan of $350 million to finance the government budget deficit at a 3.25% rate.

The president of the Legislative Assembly, Norman Quijano, stated that " ..." with the conditions offered by the IDB we will have an interest rate estimated at 3.25%, with the bonds we had an average rate of 7 and 8%, the reduction of interests will mean a saving of tens of millions of dollars for the country.' "

Nicaragua's External Debt Rises 4.8%

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