Contacts:
In Washington:
Alejandro Cedeno (202) 458-5054
acedeno@worldbank.org
In Tegucigalpa: María Amalia San Martín (504) 239-4551
Msanmartin@worldbank.org
Tegucigalpa, MDC, February 24, 2009 – A delegation of seven World Bank executive directors arrived in Honduras today to see firsthand the programs and projects implemented by the Government and the private sector with World Bank funding. The delegation is accompanied by World Bank Director for Central America Laura Frigenti, the Honduran governor to the World Bank, Rebeca Santos, and other of the organization’s employees.
During their visit, the delegates will meet with President Manuel Zelaya Rosales, government officials, business leaders, and civil society members. They will also visit the Land Management and Disaster Mitigation project in Tegucigalpa, as well as the “My First Job” project and a private agribusiness food preparation company in the city of San Pedro Sula. There, they will also meet with project beneficiaries.
The executive directors represent their respective governments to the World Bank. They direct general operations and make policies that guide the organization. They are also responsible for analyzing loan, credit, and grant proposals presented by the World Bank CEO and for implementing decisions regarding these proposals.
The World Bank supports the Government of Honduras and its people in their struggle to develop and reach social equity by providing credits with a 10-year grace period for payment and 20 years for reimbursement. The World Bank has provided Honduras with over US$2.5 billion, helping to fund different projects, such as El Cajón, Cañaveral, and Río Lindo hydroelectric projects, as well as highways and health and educational reform programs. Presently, the World Bank’s portfolio in Honduras amounts to US$411 million for 17 projects in several strategic sectors, as well as other financial support offered to entrepreneurs in the financial, industrial, energy, and telecommunications sectors.
For more information about the work of the World Bank in Honduras, please visit: http://www.bancomundial.org/hn
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