CABEI Director in Honduras Awaits Release of US$22 Million for Infrastructure

Tania Lobo de Quiñónez was named yesterday to be the director of the Central American Bank for Economic Integration's (CABEI) operations in Honduras. The appointment for the three-year term was made through a resolution (No. AG-4/2003) vote by the governors of the CABEI. According to Mrs. Quiñónez, her first priority will be to "initiate the release of funds for projects that have already been approved and identify new projects that can generate employment [in Honduras]". She expects that approximately US$22 million in CABEI funds will be released within the next two weeks, specifically for a project in Villa de San Antonio-Goascorán valued at US$15.4 million; the Quetzal corridor project, US$1.8 million; the Tela Bay project, US$1.7 million; rural electrification, US$1.3 million; CA-13, US$1.2 million; and Promorco, US$396,000. (2/20/10)

Mrs. Quiñónez, who is the daughter of President Porfirio Lobo and First Lady Rosa Elena de Lobo, has worked for the CABEI for eight years, specifically in the management of human resources and loans for social programs. She will replace Sonia Marlina Dubón. (2/20/10) (photo courtesy Internet)