Honduras: $ 7 million for Social Projects

Taiwan's donation will go to thirteen social projects in areas of health, employment, education and infrastructure.

Wednesday, October 6, 2010

Resources will also be assigned to projects for strengthening small and medium enterprises.

Among projects for education, by the end of this year 12,500 computers will be delivered to school children.

An article by Terra reports, "funds will be invested in social programs in various regions of Honduras, one of them in housing for poor families sponsored by the mayor of Tegucigalpa, Ricardo Alvarez.".

More on this topic

$ 64 Million From Germany to Honduras

January 2011

The government signed a technical and financial assistance treaty with Germany for $ 64 million.

The funds will go to social projects on environment and governance, housing and support programs for Micro, Small and Medium Enterprises (MSMEs).

"The Honduran Minister of the Presidency, expressed satisfaction for completing successfully the intense negotiation process between both economic technical teams, which led to the signing of a cooperation agreement for $ 64 million," reported website Proceso Digital.

Denmark Withdraws Aid To Nicaragua

March 2010

Denmark's International Development Agency announced it will cease aid to Latin America, with Nicaragua and Bolivia the most affected.

In 2008, Nicaragua received $36 million from this organization.

"The Danish government had previously signaled its intention of changing its cooperation strategy, in order to focus on Africa", reported Laprensa.com.ni.

CABEI To Begin Disbursing Money to Honduras

March 2010

The Central American Bank for Economic Integration announced it will start disbursing money to Honduras in the upcoming days.

The entity explained it had decided to do so in its first directive meeting, in early 2010.

“However, in order to disburse money to the Honduran public and private sector, several items had to be in place. For example, the country had to be up to date with its obligations to the bank”.

United States to Resume Aid to Honduras

February 2010

Hillary Clinton, U.S. State Secretary, announced that her country intends to reactivate economic aid to Honduras.

Laprensa.hn reported that “Clinton stated her interest in strengthening social programs in the country, those geared to the most vulnerable population”.

U.S. economic aid was suspended after the destitution of ex president Manuel Zelaya on June 28, 2009.

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