World Bank Lends $104 million to Honduras

The government will allocate resources to strengthen tax administration and public finances.

Wednesday, December 7, 2011

A press release from The World Bank

Under the budgetary support provided through a US$86 million credit, the government is committed to strengthen the national public safety strategy, deepen the focus on prevention, and development of local efforts. It will include, for instance, the distribution of violence-prevention toolkits in at least 200 schools around the country, as well as the implementation of a comprehensive security plan in at least 10 municipalities in the country’s center, north and east. The Bank will also help build institutional capacities against money laundering and an improved database for crime and violence.

Furthermore, the credit contemplates technical assistance for macroeconomic and fiscal stability. Among its objectives is increasing the number of large taxpayers declaring taxes via the Internet by at least 20 percent.

As part of the Strategy, the Bank’s Board of Directors also approved a second credit to improve public sector performance, worth US$18.2 million. Those funds will help establish, among other goals, a more efficient, effective and transparent public bidding system, increasing the publication of bidding opportunities from 10 to 80 percent.

More on this topic

Panama: $ 200 Million to Improve Fiscal Management

December 2010

The IDB loan will support the implementation and framework of a modern fiscal policy based on international practices.

The IDB loan will support the implementation and framework of a modern fiscal policy based on international practices.

Panama will reform its tax laws and improve public management expenditures with a loan of U.S. $ 200 million approved by the Inter-American Development Bank (IDB).

Nicaragua: $ 10 Million to Improve Financial Management

December 2010

The World Bank approved a technical assistance loan for the Plan of Modernization of Public Financial Management.

The project will be carried out with the support of the Inter-American Development Bank (IDB), the European Commission and the Kingdom of Netherlands, aiming at improving the accountability process.

IMF Concludes Review of Honduras

December 2010

"The performance of public finances until September was in line with the program negotiated with the government," concluded the IMF mission.

An IMF team held meetings with the economic cabinet, other policymakers and private sector representatives from November 29 until December 3.

$ 10 Million for Financial Management in Nicaragua

October 2010

The loan from the Inter-American Development Bank (IDB) will provide more efficiency and transparency in public expenditure.

Nicaragua will improve the efficiency and transparency of public expenditure and modernize the process and management systems of state finances with the help of a loan of U.S. $ 10 million from the Inter-American Development Bank (IDB).

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