Published 2 years ago

Honduras requests development bank membership in search of financing

Summary by Ground News

Honduras has requested membership of the CAF-Development Bank of Latin America. President Xiomara Castro's administration seeks financing to alleviate severe budgetary imbalances. Castro must tackle a public debt of almost $15.7 billion, or 59.3% of Honduras' Gross Domestic Product.

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Reuters

Honduras requests development bank membership in search of financing

By Gustavo Palencia TEGUCIGALPA - Honduras requested membership of the CAF-Development Bank of Latin America, the organization reported Thursday, as leftist President Xiomara Castro's administration seeks financing to alleviate severe budgetary imbalances left by her predecessor. Castro, who took office in January, must tackle a public debt of almost $15.7 billion, or 59.3% of Honduras

2 years ago·United Kingdom

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The Star Kuala Lumpur

Honduras requests development bank membership in search of financing

TEGUCIGALPA (Reuters) - Honduras requested membership of the CAF-Development Bank of Latin America, the organization reported Thursday, as leftist President Xiomara Castro's administration seeks financing to alleviate severe budgetary imbalances left by her predecessor. Read full story

2 years ago·Malaysia

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IBTimes

Honduras Requests Development Bank Membership In Search Of Financing

Honduras requested membership of the CAF-Development Bank of Latin America, the organization reported Thursday, as leftist President Xiomara Castro's administration seeks financing to alleviate severe budgetary imbalances left by her predecessor. Castro, who took office in January, must tackle a public debt of almost $15.7 billion, or 59.3% of Honduras' Gross Domestic Product (GDP). More than 30% of the national budget must go toward paying off …

2 years ago·United States

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