CABEI and the Republic of Honduras formalize three financing agreements for the country's economic and social development
In its 63rd year of existence, the multilateral reaffirms its commitment to continue transforming the region and promoting sustainable development in Honduras with initiatives that contribute to the reduction of poverty and the well-being of families.
Tegucigalpa, December 15th, 2023 - The Central American Bank for Economic Integration (CABEI) and the Republic of Honduras, contributing to abundant, promising and opportunity-filled wellbeing, formalized three financing agreements to support key sectors, including road infrastructure, the hospital network and credit for agribusiness and rural banks, which are expected to benefit more than 3.2 million Hondurans and 88,000 families.
Among the operations being formalized are:
"Support Program for the Hospital Network of the Republic of Honduras (PARH)”, approved by CABEI on September 5th, 2023 for US$135 million. It includes the design, construction, equipment and start-up of two new hospitals in the municipalities of Choluteca and Tocoa, in the south and northeast of the country, respectively. Medical specialties will be expanded in accordance with the situation in each area and the number of hospital beds.
“Credit Program for Agribusiness and Rural Cooperatives in the Republic of Honduras”, this program, approved by CABEI on November 16th, 2023, is aimed at strengthening the productive and associative skills of micro, small and medium-sized producers and entrepreneurs integrated into rural financial cooperatives, as well as access to credit under favorable conditions to increase food security and the development of the country's agricultural and agroindustrial sector. The amount is $100 million, of which $25 million is from a new loan signed today and $75 million is from the redirection of an existing loan.
The "Honduras Resilient Roads Program (PCR-HN)", approved by CABEI on December 5th, 2023, for US$606.9 million for the rehabilitation, improvement, and expansion of 308.0 kilometers of the Danlí-Trojes and Ojo de Agua-Cantarranas highways in the eastern part of the country; and in the northern part, the Honduras Touristic Corridor, which includes the road segments from La Barca - El Progreso to Tela and La Ceiba. The design of the El Progreso City Bypass, the studies and designs for the Santa Rosa de Copán - Cucuyagua and Chamelecon Bypass - Naco highways.
The three operations are aligned with CABEI's 2020-2024 Institutional Strategy, in the Sustainable Competitiveness and Human Development Strategic Axes, as well as with the Honduras 2022-2026 Country Strategy in its Pillars No. 1 "Modernize and strengthen sustainable productive infrastructure" and No. 3 "Promote sustainable competitiveness," focused on improving connectivity and logistics performance; and its Strategic Objective of Improving Coverage, Quality and Access to Public Health Services.
