All Things Newz
Business

Honduras to receive $200 mln loan to mitigate fuel price pressures


Article content

TEGUCIGALPA — Honduras will receive a $200 million loan from the Central American Bank for Economic Integration in order to mitigate fuel price pressures in the country, the bank said in a statement on Friday.

The approval is part of a temporary program by the bank to support Central American countries facing high fuel prices, which have helped push up prices across the board this year.

Article content

The agreement will support Honduras’ subsidy on the tax on super, regular and diesel gasoline, its additional subsidy of 50% of diesel prices and a subsidy for customers with electricity consumption equal to or less than 150 kilowatts-hour.

In the statement, the bank’s Chief Executive Dante Mossi said the program aims to support the “resilience and economic situations of most vulnerable families” in the Central American region. (Reporting by Gustavo Palencia; Editing by Sandra Maler)



Source link

Related posts

Market Surge After CPI Has Skeptics Warning It’s Overdone

Horace Hayward

German gas storage levy set at 0.59 cents per MWh

Horace Hayward

Sri Lanka to present debt restructuring, IMF bailout plans to creditors

Horace Hayward