CABEI approves US$250 million to improve Honduran electrical and environmental sustainability
This operation encourages an efficient, sustainable electricity sector; optimizing the use of available energy sources.
Tegucigalpa, July 22nd, 2020.- The Central American Bank for Economic Integration (CABEI) approved US$250 million to the Republic of Honduras as part of its Development Policy Operations Program (OPD) to support the country in the implementation of the General Law of the Electricity Industry (LGIE).
These funds aim to provide fast-disbursing financial resources to implement development policies that contribute to improving the efficiency, sustainability, and quality of the electricity sector in Honduras, as well as the expansion of coverage, energy efficiency and resilience to climate change.
CABEI's Executive President, Dr. Dante Mossi, said "these resources are part of a medium-term programmatic framework that aims to help lay the foundations for the financial consolidation of the electricity sector and its implications on the country's fiscal position, so that work continues to be done for an inclusive and sustainable economic growth, maintaining the country's macroeconomic stability.”
For her part, Rocío Tábora, Secretary of State in the Honduran Finance Office, commented "we are convinced that maintaining macroeconomic stability is fundamental to achieving sustainable and inclusive economic growth. This requires advancing in the implementation of measures to set in motion the sectoral reforms and policies necessary to improve the financial sustainability, operational efficiency and sufficiency of supply in the national electricity sector.”