Tag Archives: Tegucigalpa – San Jose Agreement

Honduras to Receive Aid Once More

News on February 10, 2010 by Administrator| 2 Comments

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.

Last year, aid agencies and donor nations took part in an international aid freeze that amounted to $450 million after the events took place that ousted Manual Zelaya. Last month, the United States hinted they may restart aid, as other nations have begun to accept the new Honduran government.

“For the World Bank, it is important to say that we are here to continue supporting the Honduran people … especially the most vulnerable in society,” said Daboub.

Honduras had received about $1 billion a year in foreign loans, humanitarian aid, and subsidized Venezuelan fuel before the end of June, representing around 20 percent of the Honduran national budget.

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Posted in Financial News, Politics in Honduras

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Truth Commission Forming

News on February 4, 2010 by Administrator| Comments Off

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.

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Honduras Shows Positive Changes

News on February 4, 2010 by Administrator| Comments Off

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.

Another element that appears to be helping foreign nations consider relations with Honduras, was the decision by the ex-President Manuel Zelaya to accept a deal that allowed him safe passage abroad.

US Deputy Assistant Secretary of State, Craig Kelly, said, “We think that most of the countries in the region are recognizing that … there is sufficient political space to return to a productive relationship with Honduras.” And, “There is a trend towards re-establishing a positive relationship with the country.”

“The circumstances allow them [the OAS] to take this up now, and have a very good discussion given that Honduras has performed,” Kelly said this week. “The Honduran people have produced something here that certainly makes this a live question for the OAS, and we think that Honduras has earned that consideration.”

Yesterday, OAS Secretary of Political Affairs, Victor Rico, arrived at the Tegucigalpa-Toncontin airport with no declaration to the press.

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Posted in Politics in Honduras

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