News Column

Europa-EIB President Werner Hoyer on first official visit to Honduras - High-level meetings to discuss cooperation and support for public sector

August 15, 2014



ENP Newswire - 15 August 2014

Release date- 14082014 - On his first official visit to Honduras Werner Hoyer, President of the European Investment Bank (EIB), met today with Honduran President Juan Orlando Hernandez in the country's capital.

Further meetings were held with Finance Minister Wilfredo Rafael Cerrato and Minister of Infrastructure Roberto Ordonez. The talks focused on the Bank's engagement in the country's transport and energy sector. EIB's visit was supported by the EU Delegation to Honduras.

At their meeting President Hoyer and President Hernandez discussed various areas of cooperation suitable for support and investments by the EU Bank. It is primarily in the areas of infrastructure, transport, energy, in particular renewable energy, and climate change mitigation where EIB funding could make a considerable contribution to the country's social development and economic growth.

President Hoyer called the exchange an excellent starting point that helped define concrete projects warranting EIB financing. 'The Honduran administration has been very supportive in identifying suitable areas of cooperation. With its long-standing expertise in Latin America, the EIB stands ready to contribute to the country's economic growth and employment. I look forward to continuing our dialogue and cooperation in the near future.'

In further meetings with Honduran Minister of Finance, Wilfredo Rafael Cerrato, and Minister of Infrastructure and Energy, Roberto Ordonez, the country's road network was identified as one potential project to be supported by the EIB. In the energy sector the EU Bank is already cooperating closely with the Inter-American Development Bank to draw up an electrification programme that would mainly support energy transmission infrastructure for renewable energy in the western part of Honduras.

Climate change mitigation has also been a focus of the EIB's cooperation with the Central American Bank for Economic Integration (CABEI), which has its headquarters in Honduras. In 2013, for example, the EIB provided CABEI with USD 230 million for investments in hydropower, wind, geothermal and photovoltaic renewable energy schemes across Central America. CABEI is one of the EIB's main financial partners in the region.

President Werner Hoyer will continue his official trip, travelling on to Panama.

Background information:

The European Investment Bank is the long-term lending institution of the European Union and its shareholders are the EU Member States. Its remit is to make long-term finance available for viable projects in order to contribute towards EU policy objectives.

The EIB has been active in Latin America since 1993 under mandates granted by the EU Council and the European Parliament. During this period the EU Bank has signed contracts for 90 projects in the region, involving finance totalling EUR 6.7 billion. On 1 July 2014 the EU's new External Lending Mandate, covering the period 2014-2020, entered into force, providing for a ceiling of almost EUR 2.3 billion for operations in Latin America. In addition, in some cases the EIB can also provide lending from own resources under the Climate Action and Environment Facility or the Strategic Projects Facility, both amounting to a total of EUR 2 billion. www.eib.org

Press contact:

Eva Henkel, e.henkel@eib.org, T.: +352 4379 82147, Mobile: +352 621 339130

Website: www.eib.org/press - Press office: +352 4379 21000 - press@eib.org


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: ENP Newswire


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters