The Inter-American Development Bank (IDB) has approved three loans to Honduras for a total of $180 million to support reforms to the pension system and financial sector, and to help the country cope with natural disasters.
A loan of $100 million will help improve capacity to respond to natural disasters. This money will be used by the government of Honduras for extraordinary expenses caused by hurricanes, earthquakes and floods. Should the need arise, it will be used to meet expenses such as emergency health kits, medicines, facilities and equipment for temporary shelters, among other things.
A second project of $40 million will help consolidate the macroeconomic and fiscal stability of the country through reforms that promote long-term sustainability of pension institutes. Among other things, the project aims to improve the financial viability of Social Security Institute (IHSS) and increase the administrative and budgetary control of the central government's human resources.
A third project of $40 million will support the strengthening of the financial security network and improving access to credit aimed at lower-income population and micro, small and medium enterprises as a mechanism to help reduce poverty
Source: Inter-American Development Bank
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January 2010
The Inter-American Development Bank (IDB) will loan $27 million to a program fostering rural business.
The funds are earmarked for the departments of Olancho, El Paraíso, Colón and Gracias a Dios, and intended to fund projects by small producers. It is part of the National Program for Sustainable Rural Development (Pronaders).
November 2010
The loan will be used to finance the "programs to strengthen the financial safety net and improving access to financing."
The IDB representative in Honduras, Miguel Manzi, at the signing ceremony said the purpose of the Inter-American Development Bank is to support the government in a program for financial reforms and institutional changes in the sector.
March 2010
BBVAP and IDB signed documents for a $15 million loan to provide BBVAP with long-term funding to support its lending to small and medium-sized enterprises.
The IDB loan will allow BBVAP to significantly expand its lending to SMEs, a strategic sector for economic growth and job creation in Panama.
August 2010
The Inter-American Investment Corporation (IIC) has authorized a credit line to BBVA Panamá with the aim of giving SMEs access to finance.
The credit line seeks to make funds available to small and medium sized Panamanian companies, to help cover their operating costs and includes finance for working capital and revolving credit lines. This is the IIC’s second operation with BBVA Panamá.
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