President Lobo took advantage of the opportunity to meet with the President of Brazil, Dilma Rousseff. They discussed Brazilian companies’ plans to invest in hydroelectric projects through loans or funds from the Brazilian Development Bank in Honduras. Additionally, they addressed the areas of security and agriculture, as well as oil prospecting.

“The relationship with Brazil is important to us; they are very willing to help us on issues of social investment programs, and the generation of energy with renewable resources, as well as combined projects to use solid waste to produce energy,” President Lobo explained.

The President appeared pleased with his meetings, saying, “We have strengthened relations with Argentina and Brazil. Both Presidents have offered us help for programs caring for persons with limited resources. We showed them the advantages and facilities offered by Honduras for investment.”

He added that, “It was important to come to this event, because we knew we would obtain valuable results for our country. Proof of this was achieved at the bilateral meeting with the President of Brazil, Dilma Rousseff, where they started other programs, such as funding for the implementation of the Jicatuyo and the Llanitos hydroelectric projects in the Department of Santa Bárbara, as well as the feasibility study for the San Fernando Dam in the southern part of the country.

While in Argentina, President Lobo also met with diplomats from Paraguay, Bolivia, and Venezuela, where he exchanged views on various topics involving all Latin American Nations.