US targets US$1bn private sector investment in Honduras as countries sign MOU

The US International Development Finance Corporation (DFC) intends to finance US$1bn in private sector investment in Honduras over a period of three years, according to DFC CEO Adam Boehler. The financing will be part of the América Crece programme with a focus on strengthening infrastructure, digital connectivity, health systems, and financial services, Boehler announced as the governments of Honduras and the US signed a memorandum of understanding (MOU) for bilateral cooperation. América Crece aims to promote economic growth and development in the region, thereby reducing both regional migration and dependence on foreign powers such as China. The US expanded the programme to include a sub-regional focus on the Northern Triangle in December 2019 following the earlier freezing of aid by the Trump administration in a bid to pressure Northern Triangle governments to curb migration (see Central America Briefing Vol 7, Issue 23).

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