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Roatan and Bay Islands Discussion List Archive
| Posted On: | 15-Aug-2005 |
| From: | "Dave Elder" [delder.....com] |
| Subject: | RE: [roatan] GOVERNOR INVITE.doc |
No to be sarcastic (well perhaps a little) if this was dept that means there is no money.....if they had the money there would be no debt. Kind of a vicious circle. I know the concept is that when the money that was to be re-paid becomes available that it should go to improving Honduras. The good news is at least they are now not paying any interest on the money. What conditions (if any) did the G8 put on this financial pardon? How do we know that the 2.5 million will actually go in to additional improvement over and above the money that would have already been set aside for improvements/upgrades assume the dept was not forgiven. Thanks Dave __ From: roatan.....com [mailto:roatan.....com] On Behalf Of Ana Svoboda Sent: Monday, August 15, 2005 8:52 AM To: roatan.....com Subject: Re: [roatan] GOVERNOR INVITE.doc Importance: High Hi Ted, Ok.- Maybe there was a typo on the letter from them. I think he meant "condone" which in the Webster's Dictionary means "to forgive", "to pardon or overlook voluntary". Anyways so you and the rest of the group can understand what is going on here is a brief explanation: When the G8 summit took place(back in July 7-England), it was on their agenda to "pardon" the external debt of some of the poorest countries, among them Honduras. G8 forgave a debt of $2,500 Millions of the Honduras' external debt. This "funds" must be used towards "improving" the level of poverty in the country, improving the agriculture farming for the poorest farmers of the country and so on. In order to make this a reality, a Commission was set up to oversee that the destination of such funds is the intended one and not the pocket of someone else. Therefore, this commission is setting up meetings around the country to hear what the people have to say and/or suggest where the funds should be invested in their own communities, in this case Roatan. I do hope this clarifies your questions. Best Regards, Ana Svoboda Executive Director CANATURH-BAY ISLANDS Honduras National Chamber of Tourism-The Bay Islands Chapter Roatan, Honduras, C.A. Tel. (504) 445-1688 Fax (504) 445-1969 Cell (504) 995-1943 gsindustries.....hn http://www.canaturh-bayislands.org ----- Original Message ----- From: "Ted OBrien" To: Sent: Saturday, August 13, 2005 10:28 AM Subject: Re: [roatan] GOVERNOR INVITE.doc > Dear Ana: > > Thank you for the "elegant Letter" invitation from the > Governor. > > Would you please clarify for me what is mean't by the > phrase "Condoned External Debt Funds"? > > I know what "funds" are, I know what "debt" is, I'm > guessing that in this situation, "external" means the > borrowed funds are coming from outside the country, > but I am confused by the usage of the word "condoned". > None of the meanings from the dictionary seemed to > apply. > > What are we talking about? an IDB loan? World Bank? > > Thanks, > > Ted O'Brien > Bay Islands Beach Resort > "Dive the Famous Spooky Channel" > www.bibr.com > escape.....com > 1-800-4-ROATAN http://www.roatanet.com SPONSORED LINKS Roatan bay island and&w2=Bay+islands&w3=Honduras+hotel&w4=Travel+to+honduras&c=4&s=84&.sig =PP1V583hI5MqmP1nqGMIhQ> Bay islands =Bay+islands&w3=Honduras+hotel&w4=Travel+to+honduras&c=4&s=84&.sig=q015F WEfgA1E0ylS7rr64w> Honduras hotel &w2=Bay+islands&w3=Honduras+hotel&w4=Travel+to+honduras&c=4&s=84&.sig=eN aTjgkhM8wQE7a7T7qJjQ> Travel to honduras land&w2=Bay+islands&w3=Honduras+hotel&w4=Travel+to+honduras&c=4&s=84&.si g=fcPoCjKGEr6SYPKP38fO9g> __ YAHOO! GROUPS LINKS * Visit your group "roatan " on the web. * roatan- * the Yahoo! Terms of Service . __ -- --------------------~--> Get fast access to your favorite Yahoo! Groups. Make Yahoo! your home page /dpRU5A/wUILAA/yQLSAA/maOolB/TM --~-> http://www.roatanet.com To visit your group on the web, go to: http://groups.yahoo.com/group/roatan/ roatan- : | |
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