CABEI approves US$10.8 million for new phase of modernization of the RNP of Honduras

Tegucigalpa, November 24, 2020.- The Central American Bank for Economic Integration (CABEI) approved today a US$10.8 million financing to the Republic of Honduras for the "Project for the Modernization of the Identification Document in Honduras (Identify Yourself), Section C".

According to the approved project, a new database of the National Registry of Persons (RNP) will be created through biometric enrollment at the national level that complies with international standards. The technological infrastructure for the operation and printing of new identification cards will also be acquired. The resources of Section C will strengthen the database updating component.

CABEI's Executive President, Dr. Dante Mossi, stated that: "The Bank has the financial resources to be able to execute the whole process of enrollment, purification of the database and to elaborate the new identity card that can be used for health, banking, citizen identity and election purposes, among others"..

In addition, he added that: "this process is part of the Reform and Modernization of the National Registry of Persons (RNP), as the executing agency which, in addition, for its execution, has the support of the United Nations Development Program (UNDP) that will provide technical and administrative support in the process of enrolling people".

The project estimates to benefit the enrollment of 6.5 million citizens and deliver 5.0 million new identity documents. The generation of temporary direct employment would be 3,609 people. In addition, the project is part of the institutional strategy of CABEI 2020-2024, in the strategic axis of sustainable competitiveness, which seeks to intervene in strengthening the economic, social and institutional factors that determine regional competitiveness.

The terms of this financing will have a 20-year term including a 5-year grace period and an indicative annual interest rate of 2.75%.