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IADB says pausing loans to Honduras over coup

Wed Jul 1, 2009 4:32pm EDT

SANTIAGO, July 1 (Reuters) - The Inter-American Development Bank is pausing all new loans to Honduras until democracy is restored in the Central American country, the president of the multilateral lender said on Wednesday.

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"We hope there is a way to return to democracy," Luis Alberto Moreno said in Chile about a military coup in Honduras on Sunday that has been widely condemned by the international community.

(Reporting by Manuel Farias; Writing by Terry Wade; Editing by Sandra Maler)

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