The event was broadcast on national radio and television networks. President Porfirio Lobo Sosa and the Director of the National Agrarian Institute (INA), César Ham, signed the document for the Government of Honduras, alongside representatives of the Unified Movement of Peasants from the Aguán [Movimiento Unificado de Campesinos del Aguán (MUCA)] and the Movimiento Auténtico Reivindicador de Campesinos del Aguán (MARCA).The financial terms of the agreement for the purchase of the land in the Aguán Valley was endorsed by members of the verifying commissions of both movements.
The transaction will be made through the Honduran Bank for Production and Housing [Banco Hondureño para la Producción y la Vivienda (BANHPROVI)] for a period of 15 years, at an interest rate of 6%, and with a grace period of three years. “Favorable conditions, financial conditions never before seen for such an important area, as it is the reformed section, and the productive section of our country,” said Ham.
The agreement also provides for the establishment of a technical committee composed of the INA, cooperatives of Hondupalma and Salamá, the MUCA, who will monitor compliance with the agreement.