Central American Bank Disburses 100 Million USD to Honduras

By Dialogo
December 02, 2010

The Central American Bank for Economic Integration (BCIE) turned over to Honduras 100 million dollars of a loan for various programs, including the fight against poverty, the regional institution announced in a statement.

“In order to back Honduras’s efforts to meet the Millennium Goals, the Central American Bank for Economic Integration (BCIE) disbursed 100 million dollars to the country in a multi-sector loan, which was signed on 29 November,” the announcement noted.

BCIE acting president Alejandro Rodríguez indicated that the 100 million dollars is part of a larger fund of 280 million dollars from the so-called “Multi-sector Emergency, Fiscal Strengthening, and Social Equity Program.”

He added that the resources will be directed toward meeting six of the eight Millennium Development Goals, with the aim of “eradicating extreme poverty and hunger, supporting primary education, reducing infant mortality, improving maternal health, guaranteeing environmental sustainability, and promoting gender equality and women’s autonomy.”

According to Rodríguez, the BCIE has disbursed approximately 160 million dollars to Honduras to finance a variety of projects, including road infrastructure, road signs and signals, hospital equipment, and a variety of social projects, among others.