LatinNews Daily - 22 July 2020

* The chief executive officer of the US International Development Finance Corporation (DFC) Adam Boehler and Honduras’s President Juan Orlando Hernández have announced DFC’s intent to finance US$1bn of private sector investment in Honduras over the next three years. According to a press release, DFC’s efforts aim to “promote economic growth and improve quality of life in Honduras while addressing regional security concerns”, and seek to help Hondurans “weather both the health and economic challenges of the Covid-19 [coronavirus] pandemic”. In pursuit of these goals, DFC will prioritise investments that “bolster energy security, digital connectivity, and critical infrastructure to facilitate trade, investment, and job creation; support health systems, medical supply chains, and access to water, sanitation, and nutrition […]; expand financial services […], especially for small businesses, women, and rural populations”, among other things. The DFC notes that this will complement a memorandum of understanding (MOU) signed yesterday (21 July) between the two governments to establish a framework for bilateral cooperation in support of the US administration’s América Crece initiative. Launched in 2018, América Crece aims to “channel the tools and resources of the US government to catalyse private sector investment and growth across Latin America and the Caribbean”.

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