Sectors applaud Biden’s millionaire investment in Honduras
TEGUCIGALPA, HONDURAS – Various sectors of society applauded the announcement by the President of the United States, Joseph Biden, of the investment of more than 52 million dollars to improve the electrical system of Honduras.
The millionaire project includes the installation of solar panels, which will be done through a loan guarantee, through the Export-Import Bank of the United States, which will grant the firm J.P. Morgan, which will finance the purchase of Banco Atlantida, for the purchase of the solar panels.
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For the analyst, Raúl Pineda Alvarado, with this millionaire investment Honduras will enter the stage of energy reconversion that will bring with it a cheaper energy and will favor the environment.
He also considered that Biden’s announcement will create scenarios for legal certainty in the country.
“If this amount of money is going to be available under favorable terms to promote private initiative to replace this energy based on hydrocarbons and use the energy of nature, basically that generated by the sun, Honduras can enter a stage of energy conversion that is favorable to lower energy costs and to favor the environment, and create the right scenario for good investment,” said Pineda Alvarado.
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For his part, economist Ismael Zepeda, researcher of the Social Forum on Foreign Debt and Development of Honduras (Fosdeh), said that the investment follows a promise made by the Vice President of the United States, Kamala Harris, to promote projects for energy conversion in the region.
“In the first place, we must remember that there is a promise made by Kamala Harris, to have certain investments and even in the energy issue, which had already been announced and it is then that the fulfillment of that promise that the energy reconversion, especially linked to the sustainable development goals and where through the COP 27, they are practically giving a boost to this issue,” he said.
He said that in the case of Honduras, in the project there is a financier and an outsourcer “which is important to highlight, in this case Banco Atlántida becomes a supervisory entity, overseeing the resources, but also a counterpart of the State, not only giving the money to the government but also that there are certain disbursements, certain administration through a private entity, then it is linked to this vision of being able to exercise financial oversight on the part of the private sector, that would be the innovative thing”.
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Honduran Foreign Minister Enrique Reina welcomed the announcement on social networks.
“We welcome President Biden’s announcement in the framework of the G20 in Bali, Indonesia, of investment in solar energy infrastructure in Honduras for US$52 million through the US Export-Import Bank,” Reina wrote on his social networks.
