IDB Offers Loan for Better Customs Services at Honduran Port

    The Inter-American Development Bank is providing USD10 million in loan to strengthen control, security and customs services at Honduras’ largest port, Puerto Cortes. The bank expects the project to reduce the average clearance time for goods at customs by more than 200 percent, from 19 hours to six hours, and allow Puerto Cortes to offer low-cost customs services.

    About the author

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      Eliza Villarino

      Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.