CABEI accompanies the economic growth and social development of the region

Tegucigalpa, September 25, 2018.- The Central American Bank for Economic Integration (CABEI) participated in the 4th International Program on Best Practices for Development Banking: The NAFINSA Model organized by Nacional Financiera (NAFINSA), Mexico's development banking institution, which brought together authorities and specialists from the region, in Mexico City from September 18 to 20, 2018.

During the seminar, CABEI representatives shared experiences on the priority issues of multilateral development banking in the region.The presentation highlighted the role of the multilateral bank as a promoter of economic integration and economic and social development of its partner countries, implementing the principles of its Institutional Strategy and sustainable business management focused on increasing the quality of life of the inhabitants of the region.

In accordance with the 2015-2019 Institutional Strategy "Integrating Development and Sustainable Competitiveness", CABEI directs its actions to address a portfolio of products according to the sector it serves: public, private and intermediated; it also seeks innovative initiatives to generate instruments to increase financing for renewable energy.

Today, the solidity and financial support of CABEI has resulted from the reforms to the Constitutive Agreement of the institution that came into force in June 2016, to improve the governance structure of the Bank, increase its membership base, and enable additional financing through diversification and capital injections.

It was also explained that the Bank, as the region's strategic partner, undertakes its commitment to the communities of the region, fostering operations that directly contribute to the Sustainable Development Goals.

The seminar counted with the participation of outstanding financial institutions at the Latin American level. CABEI participants included: the CABEI Director for Mexico, Omar Martinez; the Management Assistant, Leticia Castillo; the Sectors and Countries Manager, Horacio Leiva; and the Head of Strategic Programs and Procurement, Otto Gutiérrez.