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.
Russia may terminate all kinds of military and military-technical relations with Israel, including the agreement on the exchange of reconnaissance data
The Ilyushin 20 (Il-20) military electronic reconnaissance aircraft of the Russian Air Force with 14 servicemen on board that went off radar screens off the coast of Syria was shot down by Syrian air defense systems over the Mediterranean Sea