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Disbursements to Honduran hydropower project currently on hold


The security situation in Honduras is still concerning, and new acts of violence have been reported in the media today. Finnfund condemns all types of political violence and finds it of utmost importance that neighboring communities are heard.

Together with the Dutch Development Finance Institution FMO, Finnfund finances the Agua Zarca hydropower project in Honduras. We know, that the affected communities want the project to continue, but in order to calm the situation down, we will take a time-out. FMO and Finnfund will not, for now, make disbursements to the project.

To our knowledge, there is no evidence indicating that the Agua Zarca project company would be behind these acts of violence.

Finnfund continues to monitor the situation and, as previously announced, will assess the situation in Honduras before any decisions are taken.

Jaakko Kangasniemi, CEO

jaakko.kangasniemi(at), tel. +358 40 577 7676