We will back efforts by Honduras to avoid economic chaos, says IDB representative

Steven Stone, the Inter-American Development Bank (IDB) representative in Honduras said the bank will do all it can to support measures that avoid economic turmoil.

Monday, May 26, 2008

The IDB is the principal institution in providing economic aid to Honduras. Stone said that economic chaos would mean more unemployment, greater poverty and the collapse of production.

More on this topic

IDB Provides Technical Assistance to El Salvador

November 2010

The assistance will help identify possible investment patterns in public-private partnerships.

As a way to revive the economy the Government is promoting investment in public-private partnerships. The president has asked the private sector to join him on this project.

La Prensa Gráfica states on its website, "On this issue, the multilateral agency is providing technical assistance to the Government in order to identify structures of this type of investment, informed the IDB representative in El Salvador. At this moment we are providing assistance for the identification of possible mechanisms for public-private partnerships," said Carmenza McLean, IDB representative in the country.

Nordic Fund Donates $15 Million to Honduras

March 2010

The donation will be used for developing projects specified by President Porfirio Lobo.

NDF, the Nordic Development Fund, was created in 1989, and its member countries are Denmark, Finland, Iceland, Norway and Sweden.

In Honduras, the NDF has funded 7 projects for over $40 million.

IDB backs $150 million Regional Financing Facility for Sugar and Bioenergy

February 2009

Program will focus on northeastern Brazil, Mexico and Central America.

The Inter-American Development Bank will support the establishment of a $150 million facility to provide short-term trade financing and medium-term investment loans to sugar and bioenergy companies and exporters in Brazil, Mexico and Central America.

Nicaragua: New line of credit for rural micro businesses

August 2008

The Central American Bank for Economic Integration (BCIE) granted a $2 million credit to Fundeser to finance small farmers and micro businessmen from both rural and urban areas.

This loan was granted to the Foundation for Socio-Economic and Rural Development and is a part of the expansion of a previous contract. Fundeser has a network of agencies in 22 municipalities.

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