Honduras: First Programmatic Financial Sector Development Policy Credit (Global Food Crisis Response Program)

WASHINGTON, August 7, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD Loan: US$10 Million

TERMS: Maturity = 20 years; Grace= 10 years

Project Description: This project aims to support the Government of Honduras’ commitment to maintain macroeconomic stability and persevere in its Financial Sector Development Policy Credit’s development objectives and allow the government to respond to the food price crisis. As such, the supplement will be processed under GFRP procedures.

Media Contact

Patricia da Camara at (202) 473-4019

pdacamara@worldbank.org