IDB Resumes Financing For Honduras

The board of directors of the IDB has decided to resume relations with Honduras.

Tuesday, March 16, 2010

In a few days, the Inter-American Development Bank will send a mission to Honduras, which could announce the portfolio of joint projects for 2010.

"Most multilateral financial institutions such as IDB, the World Bank and the IMF suspended relations with Honduras after the political crisis", reported Laprensagrafica.com.



More on this topic

Honduras Hosts IMF Delegation

January 2011

During February, the country will receive an IMF mission to assess the agreement signed in 2010.

The president of the Central Bank of Honduras told the press that members expect 'good reviews' because they have been fulfilling the goals set by the Government.

"Indicators show that goals were reached, in some cases exceeded, such as international reserves," said Mondragon," Laprensa.hn reported.

IDB Finances Program for Poor Children in Nicaragua

December 2009

Loans totaling $15 Million will support startup of program to deliver services to urban children below age six

The Inter-American Development Bank has granted Nicaragua two loans of $7.5 million each to finance a social welfare program for children under six years of age who live in extreme poverty in the nation’s cities.

Honduras Hopes for Reactivation of Credit

November 2009

After the political agreement, the country hopes to restore international loans and cooperation estimated at $739 million.

The financial blockage was imposed by the United States, the European Union and Venezuela, together with financial institutions such as IMF, WB, IDB and CABEI, after the political events of June 28th.

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.

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