$ 280 Million from CABEI for Honduras

The funds coming from the Central American Bank for Economic Integration (CABEI) will be destined to strengthening fiscal and social programs.

Tuesday, September 28, 2010

Tania Lobo, Director of CABEI in Honduras, said the program's projects "will impact positively on social investment in the country."

"Furthermore, you can create income generating opportunities and strengthen provision of services and basic needs", Lobo stated to Laprensa.hn

The funds will also impact other social programs including medicines as well as medical and social services.

More on this topic

FMI: Central America Outlook

October 2010

Slow recovery tied to a lagging U.S. economy, 3% growth in 2010 due to increased domestic consumption and rising remittances and international trade.

The countries in Central America are recovering gradually, led by a rebound indomestic demand (following its sharpcontraction in 2009), which has partly spilled over into imports.

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.

CABEI To Loan $1 Billion to Central America

December 2009

In 2010, the Central American Bank for Economic Integration (CABEI), will lend $1.038 million for development projects.

$370.8 million are earmarked for Costa Rica, $199.8 million for El Salvador, $173.2 million for Guatemala and $114.9 million for Nicaragua.

As for Honduras, Alfredo Ortuño, CABEI's director, explained that "...disbursements are on hold until the Central American Integration System (SICA) revokes a ruling enacted after the Honduran coup d'état. Nevertheless, the bank has earmarked $123.6 million to finance projects in the country".

Guatemala: World Bank Approves USD 350 Million Loan

July 2009

The World Bank Board of Directors approved a USD 350 million Development Policy Loan (DPL) for the government of Guatemala.

With the objective of continuing to support the country’s efforts to improve its fiscal and institutional policies and mitigate the impact of this global crisis.

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