BCIE Credits $288 Million to Honduras

A provision of $ 288 million was approved for Honduras by the Central American Bank for Economic Integration (BCIE).

The funding was confirmed yesterday. Minister of the Presidency, Marie Antoinette Bogran Guillen, said that the funds approved in record time, will serve to boost social programs during the administration of President Porfirio Lobo.

Some of the funds will be allocated as follows: 150 million for the program of education, health, and nutrition, 85 million to cover school meals programs, 12.2 million for the implementation of food safety policies, and additional 30 million for other social programs.

More funds

Bogran Guillen said these resources are in addition to another 40 million dollars approved last week by the World Bank board.

“We see that in just five months, the government has managed to reverse and stop the damage they were suffering; particularly helping the most needy, by restoring the aid that had been disrupted,” said the Minister of the Presidency.

Weeks ago the government also announced that the Inter-American Development Bank (IDB) is to disburse a sum of about $ 347 million, which will also serve to implement projects and programs in support of the needy.

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