FILE PHOTO: A view of Tegucigalpa, Honduras, November 25, 2017 ahead of the November 26 presidential election. REUTERS/Edgard Garrido
TEGUCIGALPA (Reuters) - 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.
Castro, who took office in January, must tackle a public debt of almost $15.7 billion, or 59.3% of Honduras' Gross Domestic Product (GDP).
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