International Monetary Fund approves $202 million credit line for Honduras
The International Monetary Fund approved the granting of a credit line of $202 million for Honduras, in a 18-month program will serve as a contingency plan to restore its weak finances public.
The funds were approved at a meeting of the Fund’s Executive Board, following the agreement reached last September 10 in Tegucigalpa.
The amount approved today exceeds $6 million agreed to last month, due to currency fluctuations that make up the virtual currency with which the Fund measures its credit, Special Drawing Rights.
Original source: Efe