The administration of new Honduran President Porfirio Lobo hopes to forge an agreement with the International Monetary Fund, Xinhua reports. The move will allow the country to receive loans and access aid from other lenders such as the World Bank and Inter-American Development Bank. Both discontinued assistance to Honduras following the June 2009 coup that ousted former leader Manuel Zelaya.
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About the author
Eliza Villarino
Eliza Villarino is an associate editor for Devex and leads the company's news team in Manila. She played a critical role in conceptualizing the Development Newswire. Prior to joining Devex in 2004, she has already published articles and news briefs for Internet media organizations and for the Institute for Ethics and Economic Policy at Fordham University in New York. She earned her bachelor's in political science and master's in public affairs from the University of the Philippines. Eliza is a member of Mensa Philippines.
