Stefano Gatto, Business delegate from the EU, explained the funds will be disbursed in a 5 year term.
He also said that "on Monday, 2.5 million euros ($3.7 million) will be disbursed as part of the PAPES program (Poverty Relief Program)".
Source: laprensagrafica.com
More on this topic
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.
December 2010
The funds are part of a total of $ 280 million for social programs.
To support the efforts of Honduras in implementing the Millennium Development Goals, the Central American Bank for Economic Integration (CABEI) disbursed a $ 100 million loan to the country.
The resources of this loan will contribute positively to compliance with six of the eight Millennium Development Goals, and through the different components of the program seeks to eradicate extreme poverty and hunger, support education, reduce mortality child mortality, improve maternal health, ensuring environmental sustainability and promoting gender equality.
January 2011
Congress has pending approval of 10 loans totaling $ 616 million for social projects.
Of the total 10, four are pending opinion, three have passed the first debate and three more are awaiting the second debate.
Sigloxxi.com adds, "among those pending opinion is one for $ 46.8 million for a program to combat urban poverty by the Inter-American Development Bank (IDB).
October 2009
Representatives from the World Bank are evaluating the projects for which the government is seeking loans.
Alexander Segovia, technical secretary of the President, reported that the Bank could approve the loans in November, adding they are intended for social programs.
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