Financial News

World Bank Main Honduras Creditor

November 11, 2009 by Catracha Hondurena No Comments

The World Bank heads the list as the main creditor of Honduras. As of September 30, 2009, the balance of the debt to the Bank reached 489 million dollars, according to a report by the Ministry of Finance (MoF), equivalent to 19.9% of Honduras’ total external public debt, which was 2,457 million dollars.

The second and third largest creditors are the Inter-American Development Bank (IDB), with $455 million, and the Central American Bank for Economic Integration (BCIE), with $405 million.

Bilateral creditors include Spain, with $263 million, and Venezuela, with $196 million.

Honduras is under obligation to foreign commercial banks and private creditors (suppliers) mainly from China and Taiwan, for a total of $127 million (5%).

Moreover, the Ministry of Finance revealed that from January to September of this year, Honduras has signed nine loans amounting to U.S. $163.6 million


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