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LatinNews Daily - 12 March 2021

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In brief: BCIE approves loan for Honduras to purchase vaccines

* The Central American development bank (BCIE) has approved a US$35m loan for Honduras to acquire 2.8m doses of vaccines against the coronavirus (Covid-19), which would serve to vaccinate 1.4m people, covering approximately 30.8% of the population. According to a BCIE press release, this will provide partial support for the implementation of the national vaccination plan which aims to vaccinate approximately 4.6m Hondurans. Last month the BCIE announced it had approved an increase of up to US$400m for the acquisition and application of vaccines to eight countries of the Central American Integration System (SICA – Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, and the Dominican Republic) through the credit facility of an emergency Covid-19 support, preparedness, and economic reactivation programme. With the approval of the extra US$400m, the BCIE increased the resources available to Central American countries to finance the purchase of vaccines (as well as the logistics for their distribution and application) to US$800m. The BCIE’s emergency Covid-19 support, preparedness, and economic recovery programme has been allocated a total of US$3.06bn.