TEGUCIGALPA - Honduras requested membership of the CAF-Development Bank of Latin America, the organization reported Thursday, as leftist President Xiomara Castro's administration seeks financing to alleviate severe budgetary imbalances left by her predecessor.
More than 30% of the national budget must go toward paying off the debt, according to finance ministry officials. The letter mentions Castro's desire for Honduras to form part of the CAF "within the shortest possible time."
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