IDB Freezes Loans to Honduras

The IDB has “detained” all credit activity with Honduras until the political situation in the country is resolved.

Wednesday, July 1, 2009

The IDB currently has a “very active” portfolio of about $200 million for Honduras, reported Luis Alberto Moreno, president of the Inter-American Development Bank (IDB).

La Prensa Gráfica publishes on its website: “The World Bank and the Inter-American Development Bank announced on Tuesday that they have momentarily frozen their operations with Honduras due to the political crisis in the country and the way in which the situation is resolved will affect the image of Latin America, particularly Central America.”

More on this topic

Gold Medals in Honduras Crisis

December 2009

Brazil won for maximum hypocrisy, United States for indecision, and the OAS for lack of impartiality.

Andres Oppenheimer lists some of the top external players in the Honduras crisis, detailing their biggest political mistakes.

The feeling remains, however, that had not been for the mistakes of the international community (specially for its stubbornness in not listening to objective reasons), the price being paid by the people of Honduras would not be so high.

Honduras: Risky Intransigent Postures

September 2009

The editorial at Nacion.com remarks: "if all that is left is poses, angry reactions and more inflexibility, Zelaya's presence could be the trigger that was needed for real violence".

"No agreement will be possible unless Latin America's democratic countries nullify the distorting actions of Hugo Chávez, so diplomatic initiatives are not based on ideological intentions but democratic objectives.

Pressure on BCIE for Resolving Honduras Situation

August 2009

The Honduran government asked the Central American Economic Integration Bank to quickly and favorably resolve the financial relationship, suspended after Zelaya's deposition.

Warning that "a long time has gone by without a decision by BCIE", Honduran Finance Ministry Gabriela Núñez insisted that if the Central American Economic Integration Bank (BCIE) does not resume its normal relationship by giving out loans already scheduled and others under study, Honduras may resign from the financial entity.

World Bank Suspends $270 Million to Honduras

June 2009

Due to the political situation in Honduras, the World Bank suspended the disbursement of a loan in the amount of $270 million to the country.

The World Bank currently has 16 development projects in Honduras worth $400 million, among which are the $270 million that the organization decided to suspend until the political situation is cleared up.

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