Central American Bank
Approves Credit For Storm-Hit Countries
TEGUCIGALPA - The Central American Bank of
Economic Integration (CBEI) on Friday
announced a credit of 750,000 U.S. dollars
to aid Guatemala, El Salvador and Honduras,
which were affected by the tropical storm
Agatha.
The CBEI said in a statement that due to the
magnitude of the disaster "the CBEI must be
ready to collaborate immediately to solve
the problems generated by this catastrophe."
The CBEI said each of the three countries
will receive 250,000 dollars.
The statement added that CBEI President Nick
Rischbieth has requested the board to
consider this financial aid as
non-repayable.
The three governments have to present a
report in six months about the use of the
resources and the obtained results.
Guatemala was the worst hit country, where
at least 158 people died and 151 others were
missing. El Salvador reported nine deaths
and Honduras 18 with huge property damage.
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