Government International Monetary Fund international loans international loan Economics loans Central Bank of Honduras María Elena Mondragón Public Finance diplomatic recognition international relations loan Economic outlook Inter-American Development Bank Manuel Zelaya

IMF Recognizes New Honduran Government

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

Monday, March 8, 2010

©image: Wikimedia Commons

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.

“Honduras negotiated its last ‘stand by’ program in February 2008, which lasted for one year (it expired on March 2009). However, the Honduran economic and political crisis caused the IMF to suspend $120 million in cooperation”, reported Laprensa.hn.

Source: laprensahn.com

Key entities

International Monetary Fund Porfirio Lobo Sosa Central Bank of Honduras María Elena Mondragón

Countries

Honduras

Insight

financial aid diplomatic recognition international relations international loans international loan Public Finance Government

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.

World Bank Could Resume Aid to Honduras

February 2010

Juan José Daboub, director of the World Bank, visited the country, making it the first official action of the financial entity.

William Chong, Honduras, finance minister, told journalists at a press conference that Daboub plans to meet with president Porfirio Lobo, the council of ministers and the economic cabinet.

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.

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