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.

Fondo Honduras -Spain to reinforce security at Palmerola International Airport

19/08/2021

CABEI, through the administration of the Fund, acquired six vehicles and equipment for the airstrips for US$6.8 million.

Tegucigalpa, August 19, 2021- To provide maximum safety on the Palmerola International Airport runway in Honduras and enhance the firefighters' response capacity, the Honduras Debt Conversion Program with Spain, administered by the Central American Bank for Economic Integration (CABEI), invested US$6.8 million in the purchase of three firefighting vehicles, a rapid intervention vehicle, a command vehicle and an ambulance with specialized equipment.

Also, in five single boarding bridges and one double MARS type consisting of a single two-bay bridge with a maximum service length of 38 meters and another two-bay bridge with a maximum service length of 44 meters.

"Through the support of the Honduras-Spain Fund, we promote projects that contribute to the tourism, economic and social development of Hondurans. We are pleased that with the acquisition of this equipment, the Palmerola Airport will provide a high quality and safe service to its users and collaborators," said CABEI Executive President, Dr. Dante Mossi.

This grant is part of the US$53.2 million approved by the Honduras-Spain Fund for the design, construction, operation, and maintenance of the Palmerola International Airport, which is expected to handle 650,000 passengers in its first year of operation and generate 271 jobs during construction.

Spain has been a CABEI extraregional partner since 2005, and in 2006 Honduras and Spain designated CABEI as the administrator of the Honduras-Spain Fund.