IMF Mission Will Evaluate Honduran Economy

©image: International Monetary Fund

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.

“The official remarked that a new agreement with the IMF would be in line with the Government Plan proposed by President Porfirio Lobo, with ‘coherent’ proposals”.

Source: European pressphoto agency

More on this topic

IMF Recognizes New Honduran Government

March 2010

The IMF has recognized the government led by Porfirio Lobo Sosa, assured María Elena Mondragón, president of the Central Bank of Honduras.

Mondragón explained she received an official communication on behalf of the IMF, naming her the representative before the institution, and Finance Minister William Chong Wong as alternate representative.

CABEI To Begin Disbursing Money to Honduras

March 2010

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

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”.

U.S Will Resume Aid To Honduras

February 2010

The announcement was made by Hugo Llorens, U.S. ambassador in Honduras.

’It is not fair to isolate Honduras. In Washington, we are beginning the process to unfreeze economic aid for the country’, said Llorens, at a press conference with President Porfirio Lobo.

Economic assistance to Honduras was suspended seven months ago, as a way of forcing the de facto government to reinstate President Manuel Zelaya.

United States to Resume Aid to Honduras

February 2010

Hillary Clinton, U.S. State Secretary, announced that her country intends to reactivate economic aid to Honduras.

Laprensa.hn reported that “Clinton stated her interest in strengthening social programs in the country, those geared to the most vulnerable population”.

U.S. economic aid was suspended after the destitution of ex president Manuel Zelaya on June 28, 2009.