Skip to main content
Honduras, IDB sign $25 million loan for financial sector program

LIMA, Peru – Top officials of Honduras and the Inter-American Development Bank today signed the contract for a $25 million fast-disbursing soft loan for a program to maintain the stability and solvency of the Honduran banking sector.

Honduran Finance Minister José Arturo Alvarado and IDB President Enrique V. Iglesias signed the document in a ceremony held during the annual meeting of the Bank’s Board of Governors, which is taking place in Lima March 29-31.

The program supported by the IDB will assist the Honduran government's efforts to bolster bank supervision, improve financial information systems and introduce prudential norms based on the Basle core principles for effective banking.

A key goal of the program is to avoid potential fiscal crises triggered by bank failures. It also seeks to ensure a sound and solvent financial system, build trust among depositors and offer borrowers a reliable source of financing.

This program reflects the IDB's strategy of helping Honduras ensure fiscal and macroeconomic stability and foster growth to reduce poverty. The program has been closely coordinated with other projects to be supported by the World Bank and the International Monetary Fund to strengthen the Honduran financial system in a comprehensive manner.

Jump back to top