Honduran Ports to Receive $250 Million

The IDB would grant a loan through a trust to the Honduran Port Authority (ENP) for port modernization.

Wednesday, March 18, 2009

Representatives from the Inter-American Development Bank (IDB) visited the company yesterday. Among them, IDB Vice President, Steven Puig, told Laprensahn.com: "We are very interested in authorizing the loan to the ENP as soon as possible so that they can begin to work on expanding their facilities."

They estimate that the money will start to be disbursed within two months and that “the disbursements will be implemented gradually, at the pace that the project advances 'because it is part of the bank’s requirements for granting the loans,' concluded Steve Stone."

More on this topic

Expansion at Puerto Cortes in Honduras

January 2009

Prior to the approval of the loan for the Expansion and Modernization Plan, a IDB mission will evaluate the National Port Company starting tomorrow.

According to latribuan.hn, "the higher port authority will offer the visitors a general overview of the port, and aspects relating to government expectations for the port, information related to auditing, administration control and the budget preparation process.

IDB earmarks US$3.7 billion in loans for private sector

June 2008

The Inter-American Development Bank (IDB) aims issue US$3.7 billion in loans to the private sector next year, said Steven J. Puig, the bank's vice president for private-sector lending.

Puig added that the IDB also hopes to increase its presence in Central America and the Caribbean. Two new officials are being hired in El Salvador to handle lending to major companies and small businesses respectively.

IDB Positive on Nicaragua

May 2011

The improvement in competitiveness and support of the private sector are some of the positive elements being noticed by the entity.

The improvements observed by the Interamerican Development Bank (BID is Spanish) in the country have led to an increase of funding granted to private sector projects, exceeding the average amount given to other countries in the region.

Honduras gets $240 million to expand port

June 2008

Two international development banks are providing 240 million dollars in funding to help Honduras expand the port facilities of the Empresa Nacional Portuaria (ENP, National Port Company) at Puerto Cortés on the Caribbean coast.

The funds will be provided by the Central American Bank of Economic Integration and the International Development Bank.

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