The World Bank announced today that will be sending development aid to Honduras that it was stopped after the political crisis began at the end of June.
World Bank Managing Director, Juan Jose Daboub, held a news conference in Tegucigalpa and said that the bank would restore one planned loan of $270 million and add $120 million in new credit, for a total of $390 million for Honduras, following the inauguration of President Pepe Lobo.
Tags: Financial News · Politics in Honduras
Honduran Foreign Minister, Mario Canahuati, said that President Porfirio Lobo Sosa has made a draft of the truth commission.
He added that OAS Secretary of Political Affairs, Victor Rico’s arrival in the country was “to check out how the commission will be established, because it is a fundamental issue for the country.”
Canahuati said the truth commission “must be formed as soon as possible,” adding that he did not know whether it could be formed this weekend.
Since beginning his administration, President Porfirio Lobo Sosa has been working to fulfill missing elements of the Tegucigalpa-San Jose Agreement in hopes of restoring international recognition to Honduras.
Tags: Politics in Honduras
United States Assistant Secretary of State for Western Hemisphere Affairs, Arturo Valenzuela, has stated, “We are seeing with satisfaction that Honduras is on the necessary track to return to the OAS and receive world recognition for having restored democracy.” Mr. Valenzuela addressed the issue of Honduras during a political forum in Madrid.
Valenzuela said the government of President Porfirio Lobo had formed a national unity administration (by naming members of the opposition) and should follow the recommendations established under the Tegucigalpa-San Jose Agreement. He mentioned establishing the truth commission to help begin a period of necessary reforms to prevent a repeat of June’s events.
Tags: Politics in Honduras
