Spain became an extra-regional CABEI member in 2005. At the close of 2020, it has a subscribed capital of USD280.00 million with capital payments of USD60.00 million and a shareholding of 4.23%.
The partnership between CABEI and Spain provides financial support to the Central American region through the signing of various financial cooperation contracts for an amount of USD546.7 million. Of these funds, USD408.4 million have been channeled through agreements signed with the Instituto de Crédito Oficial (ICO, Official Credit Institute) and the remaining USD138.3 million is provided by the Spain-Honduras Debt Conversion Agreement, held with the Ministry of Economy and Business. During 2020, a financing agreement was signed with ICO for an amount of up to EUR 100.0 million (USD112.5 million) to finance investment and/or liquidity and export/import operations of Spanish companies in CABEI member countries. The loan was signed on June 25, 2020 through a document sharing procedure. Likewise during 2020, a total of USD134.9 million was raised from ICO through the valid agreements between both institutions.
CABEI promotes exchange between public and private actors in the Honduran electricity sector
Representatives of the different stakeholders in the energy sector presented a roadmap for the development of the sector to the presidential candidates.
Tegucigalpa, September 9, 2021.- In order to encourage the exchange between public and private actors involved in the electricity sector in Honduras, the Central American Bank for Economic Integration (CABEI) supported the Honduran Private Enterprise Council (COHEP) in the implementation of three workshops to analyze the progress, challenges and opportunities of the implementation of the General Law of the Electricity Industry (LGIE).
The workshops are given by the Institute of the Americas (IOA) with the support of the Honduran Private Enterprise Council (COHEP) and national panelists. The first two were held virtually, where a roadmap was drawn up on the challenges facing the sector to promote the implementation of the new LGIE, improve market conditions and guarantee continuity of service to the population. This approach was presented to the presidential candidates in this third workshop, which was held in person today.
During the event, CABEI's Executive President, Dr. Dante Mossi, spoke about the economic importance for Honduras of strengthening the electricity sector and commented: "We are pleased to have encouraged this public-private dialogue and we will continue to support Honduras' electricity sector by financing different initiatives and projects that contribute to improving energy efficiency, as well as expanding coverage, sustainability and quality of service.
The main table at the event was attended by CABEI Country Chief Officer in Honduras, Andrea Kafati, COHEP Vice President Mateo Yibrin and, for IOAS, Jeremy Martin.
CABEI has demonstrated its support for the electricity sector reform process in Honduras through two Development Policy Operations (OPD), as well as technical cooperation for the creation of the Executing Unit in charge of the spin-off of the Empresa Nacional de Energía Eléctrica (ENEE), a crucial process for the transformation to a more efficient, competitive and sustainable sector.
