The Central American Bank for Economic Integration (CABEI) on Tuesday extended a US$288 million credit to the government Honduras to fund social programs. The loan was announced yesterday by Minister of the Presidency María Antonieta Guillén de Bográn. Of the total amount, US$150 million will be allocated for education, health, and nutrition programs; US$85 million for the daily lunch program for public school students; US$12.2 million for food security related efforts; and US$30 million for miscellaneous social projects. The funds were approved one week after member governments of the Central American Integration System (SICA) expressed support for the Honduran government and called for the reincorporation of Honduras into the Organization of American States (OAS). The OAS voted on July 5, 2009 to suspend Honduras in response to the ousting of President Zelaya on June 28, 2009. (7/29/10)
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