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IDB Will Unfreeze US$500 Million in Credits to Honduras

Tuesday, 16 March 2010 11:20

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The Inter-American Development Bank (IDB) announced this morning in Washington, DC that it will resume lending to the government of Honduras and that it will free more than US$500 million in loans that were frozen shortly after the ousting of Manuel Zelaya as president last year. Following a meeting with President Porfirio Lobo in El Salvador yesterday, presidents Mauricio Funes of El Salvador and Álvaro Colom of Guatemala said that they had each submitted a formal request to the IDB to restart credits to Honduras. Both men have also called for the reintegration of Honduras in the Organization of American States (OAS) and the Central American Integration System (SICA). The president of the IDB is Luis Moreno. (3/16/10) (photo of Luis Moreno courtesy Internet)


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