Source Pravda.Ru

Honduras: Japan forgives debt to boost anti-poverty programs

Japan on Thursday formally forgave US$444 million (Ђ373 million) in debt owed to it by Honduras in order to help the impoverished Central American country increase anti-poverty programs.

Japan originally loaned the money to Honduras to fund public works and develop projects.

"The money will be used to reduce poverty in Honduras," said Japan's Ambassador to Tegucigalpa, Takashi Koezuka.

"We are very grateful for Japan's gesture," Elias Lizardo, an adviser to Honduran President Ricardo Maduro, told reporters.

Japan was also part of a group of creditor nations known as the Paris Club that pardoned another US$1.06 billion (Ђ900 million) in Honduran debts in May.

Seventy percent of Honduras' 7 million inhabitants live in poverty. It is one of the poorest countries in the Western Hemisphere, reported AP. P.T.

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
USA to ruin Russian-Japanese relationship with the help of Aegis Ashore system
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia to rebuild its former Soviet naval base in Syria's Tartus
North Korea is not a threat to the US
North Korea is not a threat to the US
North Korea is not a threat to the US
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Donbass without militia will be worse than Srebrenica - Putin
Putin: Russian servicemen return home from Syria as victors
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience