CABEI To Begin Disbursing Money to Honduras

The Central American Bank for Economic Integration announced it will start disbursing money to Honduras in the upcoming days.

Wednesday, March 17, 2010


©image: BCIE

The entity explained it had decided to do so in its first directive meeting, in early 2010.

“However, in order to disburse money to the Honduran public and private sector, several items had to be in place. For example, the country had to be up to date with its obligations to the bank”.

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Denmark Withdraws Aid To Nicaragua

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Denmark's International Development Agency announced it will cease aid to Latin America, with Nicaragua and Bolivia the most affected.

In 2008, Nicaragua received $36 million from this organization.

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Honduras Hopes for Reactivation of Credit

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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.

IMF Mission Will Evaluate Honduran Economy

March 2010

From March 15 to 25, the International Monetary Fund (IMF), will evaluate the country’s economy in the wake of 2009’s political crisis.

After this assessment, the IMF may reach an agreement with the Government for a loan or some sort of cooperation, explained María Elena Mondragón, president of the Central Bank.

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