Honduras: World Bank approves $12 million for regional development in the CopAn Valley.

0 Comments | M2 Presswire, May, 2003

M2 PRESSWIRE-26 May 2003-WORLD BANK: Honduras: World Bank approves $12 million for regional development in the CopAn Valley(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:05212003 WASHINGTON - The World Bank yesterday approved a $12 million zero-interest credit from the International Development Association (IDA) to support sustainable tourism in the CopAn Valley of Honduras and surrounding areas.

The project will create investment opportunities for the private sector, foster employment, and reduce poverty in one of the poorest regions of the country. "Preserving archeological sites and their natural environments will promote employment and generate income opportunities, in addition to preserving the country's rich cultural heritage," said Jane Armitage, the...