User:BastiRod/Honduras and the World Bank

Covid-19 Impact on GDP
In 2020, the Central American state's economy suffered a contraction due to the Covid-19 pandemic. The GDP (Gross Domestic Product) of various states decreased causing a recession, Hondura's GDP decreased by -6.5%. Increasing unemployment rates and inequality throughout the state to 10.7%. The provided emergency programs to prevent GDP and unemployment rates from decreasing during the Covid-19 were insufficient. Covid-19 has delayed the state agenda to increase GDP, and lower inequality and poverty by 2023. Starting March 2020 a significant amount of monthly revenue decreased compared to other Central American states during the pandemic.

=== World Bank Emergency Response === In 2020 an emergency project was created and approved with the purpose of combating the Covid-19 pandemic. The World Bank committed US$ 20 million in an effort to finance the state. The US$ 20 million are disbursed to two main sectors of the project. One, increase surveillance and diagnostic within the SESAL (Secretariá de Salud) heath commission in Honduras. Second, to increase reinforcement for the personnel in the public health sector. Reinforcement as medical equipment for ICUs as a precaution against the COVID-19 pandemic. The project is set to close on April 30, 2023.

=== Recent Approved Projects ===

Additional Financing to the Honduras Covid-19 emergency response project
Project ID: P176015

Approved on: April 16, 2021

The status of the project is active with no set closing date with an estimation of US$ 20 million amount, dedicated to the public administration health sector. The purpose of the project is to help combat Covid-19 by providing adequate training, vaccinations, and supplies.

Additional Financing to Social Protection Integration Project
Project ID: P175718

Approved on: June 15, 2021

Associated Projects: P152057

The status of the project is active with no set closing date with an estimation of US$ 70 million amount. The project's purpose is to increase social protection programs for the vulnerable and in need. It will directly benefit 72,000 households throughout the state by financing state programs.

Innovation for Rural Competitiveness project - COMRURUAL III
Project ID: P174328

Approved on: June 15, 2021

The status of the project is active with a set closing date of June 15, 2027, with an estimation of US$ 146.10 million amount. The project has several goals, including increasing job opportunities in the agricultural sector and Investments, as well as, acquiring market access and climate aware attitude.

Corredor Seco Food security Project Additional Financing
Project ID: P177149

Approved date: June 29, 2021

Associated Projects: P148737

The status of the project is active with no set closing date with an estimated cost of US$ 5.45 million amount with a US$ 0.00 million commitment amount. The project focuses on the Corredor Seco area of Honduras. 65% of people in this area live below the poverty line with a high percentage of malnutrition the project aims to implement a sustainable strategy for agriculture.

Supporting Resilient Water Resources Management and Water Service Project
Project ID: P175896

Approved Date: December 13, 2021

The status of the project is active with no set closing date with an estimated cost of US$ 0.90 million with a US$ 0.00 million commitment amount. The project targets specific areas to improve water management and resources, as well as, increase investment.

=
Honduras Second Disaster Risk Management Development Policy Credit with a Catastrophe Deferred Drawdown Option (CatDDO) ======

=
Project ID: P177001 ====== Approved Date: June 16, 2022

The status of the project is active with a set closing date of June 30, 2025, with a commitment amount of US$ 110.00 million. The objective is to broaden financial, policy, and regulatory institutions' frameworks to effectively act in disasters. To solidify state institutions to create an effective response during natural disasters and disease outbreaks.

Restoring Essential Services For Health and Advancing Preparedness for Emergency Project
Project ID: P176532

Approved Date: June 16, 2022

The status of the project is active with a set closing date of November 30, 2028, with a commitment amount of US$ 60.00 million. The purpose of the project is to improve health services and emergency preparedness. Areas of concentration are child health and reproductive services.