Cosenza served previously as the minister of the presidency during former President Ricardo Maduro’s administration (2002-2006), and also worked as the IDB director for Central America. Tabora has been leading Lobo’s presidential team.

Finance Minister Wang spoke after a meeting of the Council of Ministers, indicating that President Porfirio Lobo Sosa requested that Cosenza and Tabora work to get “more funding for Honduras”.

Honduras normalized ties with both of these organizations, and the IDB announced on March 26th, that loans to Honduras would be forthcoming. IDB is expected to grant 353 million U.S. dollars for Honduras’ use.