EU Freezes Honduras Cooperation

As a response to the institutional crisis in the country, the European Commission has frozen foreign aid funds headed for the Honduran government.

Wednesday, July 15, 2009

The measure was announced today by the Europe´s International Trade commisioner Catherine Ashton.

"The measure implies that, starting now, no payment will be executed to aid programs managed by the government of Honduras", publishes, "although development cooperation programs will be maintained".

More on this topic

45 Projects Paralyzed by Political Crisis

October 2009

$684 million in projects are on hold in Honduras, due to IDB and WB freezing financial cooperation with the country.

38 projects are awaiting $456.7 million in funding from the Inter-American Development Bank. Likewise, the World Bank has 17 active projects, with $227.4 million to be disbursed.

Honduran Businesses Asses Aid Cutoff

September 2009

Businessmen analyzed short-term action plans in the light of measures announced by the United States.

Businessmen from different sectors requested the government legal instruments for creating jobs, such as the Temporary Jobs Law.

Amílcar Bulnes, president of the Hondural Council of the Private Enterprise (Cohep), remarked that "the government must provide legal instruments, and the private sector will do the rest".

Holland suspends cooperation with Nicaragua

December 2008

Holland announced that it will not pay the 12 million euros of aid to the Nicaragua government scheduled for 2008 and 2009 due to the contested municipal election held on November 9.

"I don't see it as reasonable to give direct aid to the Sandinista government which has done all it can to prevent free and fair elections," said the Minister of Development, Bart Koenders, in a release.

United States freezes aid to Nicaragua

November 2008

John J. Danilovich, president of the CRM assistance program, reported that all subsequent payments will be frozen.

Warnings were given. The US ambassador, Robert Callahan, had warned that they would review the level of economic cooperation for Nicaragua due to the claims of fraud in the recent municipal elections.

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