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International Finance Corporation provides share of $44 million Honduras facility

Tuesday, October 19, 2010

The International Finance Corporation, a member of the World Bank Group, announced its first subnational financing in Honduras to support urgently needed road repairs, upgrades, and an early flood warning system.

The corporation will provide three local banks — Banco Ficohsa, Banco Atlantida, and Banco de Occidente — a partial risk-sharing facility for 36 percent of their eight-year, $44 million syndicated local-currency loan.

The investment is expected to improve the main road network, and support private sector development.

 Original source: The Financial