10222017Headline:
5 Green Reasons Costa Rica Is the Poster Child of the Environment 4 years ago
Have You Tried Guanacaste’s Fastest Growing Sport? 4 years ago
Was Your Costa Rican Bank Account Closed? 4 years ago
Latin America Investment News on Viva Tropical

France Helps Honduran Kids to Learn; $14 Million in Aid

Article Summary:

It was on the books, signed and agreed upon, but the financial crisis of 2009 prevented France from honoring an aid agreement of $14 million to Honduras. Now France can finally grant the monies, for the next five years, to Honduras who has ear-marked it for education development.

Original Article Text From

Photo Credit: La Tribuna

via Google Translate :

France cancels € 10.5 Million Debt to Honduras

France granted, for the next five years, an additional relief of debt of 10.5 million euros ($ 14 million), Honduras maintained by way of official development assistance, which will now be directed to the Plan Education for All (EFA) .

Outgoing Finance Minister William Chong Wong, and the French ambassador in Honduras, Philippe Ardanaz signed a Debt Relief and Development Contract (C2D) that consolidates up to 31 December 2016 the whole of that official development assistance.

It means that the Honduran government, instead of paying to France, assigned by the Ministry of Finance 10 semiannual installments of 1.05 million for the programs that the Ministry of Education.

“It is important to help Honduras, especially in the education sector, because it all starts in education,” said Ardanaz during the event, where he also participated the Deputy Minister of Education, Sandra Sanchez, and the new finance secretary, Hector Guillen.

Wong Chong said that the grant had been scheduled since the administration of former President Manuel Zelaya, but was discontinued due to change of minister derived from the political crisis in 2009.

The EFA Plan is a strategic country executed a Common Fund with financial cooperation from Germany, Canada, Spain, France and the European Union (EU).
Seeks to integrate actions in pre-school and basic education levels, increasing the graduation rate in primary schools in marginal areas, urban, rural and indigenous people, including children with special needs. (WH).

Link to Original Article:

From La Tribuna

Latin America Investment News on Viva Tropical