Honduras Secures $350 Million CAF Credit for Development Push

The government of Honduras announced a $350 million credit from CAF for social works, infrastructure, and the coffee sector. The funds will also support public spending, social, and gender inclusion. Additionally, CAF, the World Bank, and IDB inked a deal to enhance cooperation against transnational organized crime.

The government of Honduras announced on Monday that CAF, the regional development bank for Latin America and the Caribbean, approved a $350 million credit intended for social works, infrastructure, and the coffee sector.

Honduras, Central America's leading coffee producer and exporter, will use the funds for public spending and initiatives promoting social and gender inclusion, as detailed in a statement by the government.

On the same day, CAF, the World Bank, and the Inter-American Development Bank (IDB) signed an agreement to strengthen cooperation on policies to combat transnational organized crime across the region.

(With inputs from agencies.)