TEGUCIGALPA — Honduras will get a $200 million loan from the Central American Bank for Economic Integration to ease pressure on fuel costs in the country, the bank said Friday.
The approval is part of a transition program through the bank to Central American countries facing high fuel costs, which has helped drive up overall costs this year.
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The agreement contemplates Honduras’ subsidy to the super, normal and diesel gas tax, its additional subsidy of 50% of the cost of diesel and a subsidy to consumers whose electricity consumption is equal to or less than 150 kilowatt-hours.
In the statement, the bank’s managing director, Dante Mossi, said the program aims at “the resilience and economic scenario of the most vulnerable families” in the Central American region. (Reporting through Gustavo Palencia; Editing by Sandra Maler)
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