Honduras Gets Fiscal Reform Loan

Honduras Gets Fiscal Reform Loan

Bonds Structured Finance Central America Honduras Economy & Policy Corporate & Sovereign Strategy Loans

Honduras will receive $45.8m from the IDB to support the country’s fiscal reforms, and improve its tax system and state utility revenues. The financing will consist of a $32.06m, 30-year loan with a 5.50-year grace period and a fixed income rate, and a $13.74m, 40-year loan with a 5.50-year grace period and an annual interest rate of 0.25%.The financing will be disbursed in 2 tranches of $22.9m. The first will come after the approval of a tax reform designed to increase collection rates, efficie

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