Wednesday , 18 September 2019
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US$460m from IMF for Honduras infrastructure projects

The Honduras government has said that having reached an agreement with the International Monetary Fund (IMF), the US$460m funds it will receive will be spent “largely on the country’s infrastructure” projects.

These will include upgrading Puerto Cortés, the construction of the Amapala port and completing the280 km ‘Dry Canal’ connecting Amapala island in the Pacific with Puerto Castilla, a container port on the Caribbean.

In addition, funds will also be allocated for social programmes and improving some state run companies.

“These new funds will support the economy; we have been offered a facility to undertake a series of important projects for the country to help us in our goals of becoming competitive, because now we are not competing with the region, but with the world,” said the Government in a statement.