Honduras: $20 Million for Infrastructure

Congress has approved an IDB loan for the construction of three centers that make up the Ciudad Mujer project in Tegucigalpa.

Friday, January 20, 2017

The loan was agreed in a pact signed in late December by the director of the initiative of Salvadoran origin 'Ciudad Mujer' (Woman City) in Honduras, Rosa Lourdes Paz, and the IDB representative in Honduras, Mirna Liévano.

Latribuna.hn reports that "...The first Woman's City center is being built in a populous colony of Tegucigalpa, where women who are victims of violence can access a program of services from 14 public institutions integrated for women."

"... 'The legislative decree states that payments of principal, interest, additional amounts and expenses, will be "free of all deductions, taxes, duties, fees, contributions, surcharges, quotas,  and public, government or municipal contributions or other Honduran charges'. It also states that 'goods and services that are acquired with the IDB loan are "exempt from tariffs, excise taxes and Sales Tax (ISV) levied on imports and / or local purchases'."


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More on this topic

$60 Million Approved for Public Infrastructure

October 2018

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

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%.

$ 171 Million IDB Loan for Nicaragua

March 2011

The IDB representative in Managua, Mirna Liévano, confirmed funding for the country in 2011.

Funds will support initiatives in electricity, transportation, housing and social projects.

On the political situation, the IDB representative added: "... the economic situation in Nicaragua is quite stable, for example, monetary and exchange policies are very predictable,” according to a publication by Prensalibre.com.

Nicaragua: $ 171 Million in Loans from IDB

December 2010

The financial institution confirmed the release of the funds for 2011 to support projects in the power sector, transportation sector and budget support, among others.

This was announced by the representative of the organization in the country, Mirna Liévano, adding: "Nicaragua has already met all the requirements of transparency for accessing new loans from the IDB."

IDB to Lend Nicaragua $170 Million in 2010

February 2010

The money will be primarily invested in the energy generation sector.

Mirna Liévano de Márquez, IDB representative in Nicaragua, explained the funds surpass those of 2009 ($162 million), and 2008 ($80.2 million).

Liévano added that “we are pleased to contribute in the energy sector, as we consider it a problem in Nicaragua”, reported Elnuevodiario.com.ni.

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