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Honduras: Financial institutions could withdraw funding for the Agua Zarca hydroelectric project after investigation into Berta Caceres’ assassination

“Backers of Honduran dam opposed by murdered activist withdraw funding”, 5 Jun 17

…The international funders behind the hydroelectric dam opposed by murdered Honduran environmentalist Berta Cáceres are withdrawing from the project, the Guardian can reveal…Three financial institutions had pledged loans worth $44m for the Agua Zarca dam on the Gualcarque river, which is considered sacred by the Lenca people and which Caceres campaigned against before her death…Desa secured loans from Dutch bank FMO, Finnish finance company FinnFund and the Central American Bank of Economic Integration (Cabei)…FMO and FinnFund suspended their loans after police arrested a Desa employee in connection with the murder in May 2016…But all three investors have now decided to withdraw completely from the Agua Zarca project…In identical statements, FMO and FinnFund told the Guardian they “intend to exit as soon as possible. However, project financing being a complicated field, many aspects and issues have to be cleared from contractual and responsibility perspectives.”

Part of the following stories

Honduras: 1 year since Berta Cáceres’ murder – selected materials

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