Honduras Gets $215 Million From U.S. Fund

May 27, 2005

TEGUCIGALPA (EFE) – The U.SMillennium Challenge Account this weekapproved $215 million for Honduras, makingit the first country in the Americas toreceive the grant money, announcedHonduran President Ricardo Maduro.“This is great news,” Maduro said.“We had been expecting $150 to $157 million,best-case scenario. But $215 millionis coming at a time when our people needit most.”Maduro, who said the assistance is a“recognition” of his country’s “governability,democracy, citizen participation, openmarkets and fiscal health,” is expected totravel to Washington, D.C. June 6 to signthe deal.Honduras was included on the list of 16countries eligible for the MillenniumChallenge Account, along with neighboringNicaragua, in May 2004.The $5 billion Millennium ChallengeAccount was created by the United Statesin 2002. So far it has only approved $325million in grants.Nicaragua’s inclusion in the accountremains uncertain.

Facebook Comments

You may be interested

HolaLola: Capturing Costa Rica’s essence in art
Pic of the Day
113 views
Pic of the Day
113 views

HolaLola: Capturing Costa Rica’s essence in art

Alissa Grosskopf - October 23, 2018

You have probably seen Priscilla Aguirre's art at HolaLola before. It captures the beauty of Costa Rica's nature and culture…

Five things I learned while watching the sun set over El Clásico
Soccer
921 views
Soccer
921 views

Five things I learned while watching the sun set over El Clásico

Alejandro Zúñiga - October 22, 2018

TIBÁS — It’s difficult to enjoy a spectacular sunset while the concrete grandstand of a 50-year-old stadium shakes haphazardly under…

The Tico Times Weekly Digest: Oct. 22, 2018
Tico Times Weekly Digest
473 views
Tico Times Weekly Digest
473 views

The Tico Times Weekly Digest: Oct. 22, 2018

Alexander Villegas - October 22, 2018

It's Monday everyone. That means it's time for another dose of The Tico Times Weekly Digest. This week's Digest is…