Honduras president formally requests entry to BRICS bank

Beijing, Jun 10 (EFE).- Honduras’ President Xiomara Castro made a formal request to join a multilateral development bank established by Brazil, Russia, India, China and South Africa (BRICS).

Castro requested entry to the New Development Bank during a meeting on Saturday with the president of the bank, former Brazilian President Dilma Rousseff.

Castro met Rousseff in Shanghai, where the latter formally received the application for Honduras to join the BRICS bank, the Honduran government said on Twitter.

A technical commission of the Honduran government will arrive in the next few days to start the process.

“We believe that we can have all the possibilities here to find mechanisms that allow us to develop our economy, as well as find permanent allies that allow us to give a different quality of life to our peoples,” Castro said in the first minutes of the meeting.

Castro is in China on a six-day official visit during which she will meet her Chinese counterpart, Xi Jinping, just three months after her country broke diplomatic ties with Taiwan to establish them with the Asian giant.

The Honduran president also visited the research and development center of the technology company, Huawei, on Saturday and will depart for Beijing later in the day, the Honduran government said.

Castro will meet Xi Jinping during her stay in the capital on a still-to-be-revealed date.

Several agreements and MoU’s in various fields are expected to be signed in that bilateral meeting.

Honduras and China announced the establishment of diplomatic relations on Mar. 26, hours after the former officially cut the ties it had with Taiwan since 1941.

Honduras and Taiwan maintained a relationship of military, educational, and economic cooperation, and the island financed technical and agricultural aid projects and also hosted hundreds of Honduran scholarship holders at its universities.

Taiwan now has 13 countries with which it maintains official diplomatic relations. Honduras is the ninth country since 2016 to cut ties with the island in favor of China. EFE


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