More than 9 million Hondurans benefited by the Temporary Fuel Crisis Support Program


Through US$200 million in financing from the program in Honduras, we have mitigated the effects of the increase in fuel prices and contributed to improving the quality of life of families.

Tegucigalpa, February 27th, 2023 - 9.6 million Hondurans, 51% of whom are women, have benefited from the Temporary Fuel Crisis Support Program, an initiative promoted by the Central American Bank for Economic Integration (CABEI), which aims to support the country in the face of rising fuel costs and lessen the impact on the economy of end users.

As part of the initiative's execution progress, a final disbursement of US$50.0 million was made today, reaching the total of US$200.0 million approved by CABEI for this operation, which will contribute to improving the quality of life of Honduran families by reducing fuel and household energy prices as a result of the subsidy.

"We have efficiently completed the four scheduled disbursements to our founding partner country, directly impacting the economy of Honduran families who, by saving on the price of fuel and electricity, improve their quality of life, in addition to compensating for the decrease in tax revenues that the government is facing as a result of the subsidy," said CABEI Executive President, Dr. Dante Mossi.

The Program's US$200.0 million in financing corresponds to reimbursement to the Republic of Honduras for the measures implemented in a timely manner to reduce the impact of the fuel price increases on the Honduran population. Specifically, US$176.57 million of the loan was used to reduce the tax on super, regular, and diesel gasoline, US$6.42 million for an additional subsidy of 50% of the increase in the price of diesel, and US$16.99 million to subsidize customers with electricity consumption equal to or less than 150 kilowatt hours (kwh).

This intervention focuses on the human development axis of the CABEI 2020-2024 Institutional Strategy, also contributing to the Sustainable Development Goal (SDG) number 1. The Temporary Fuel Crisis Support Program is also implemented in Honduras, El Salvador, Nicaragua, Costa Rica and the Dominican Republic.