Mexico has been a non-regional CABEI member since 1992 with an authorized stake of USD306.25 million in the Bank's share capital and capital contributions of USD76.56 million, ranking as the third largest shareholder within the group of non-regional members with 5.03%.
The contribution that Mexico channels to the Central American region through CABEI is based on various financial cooperation instruments with Banco Nacional de Comercio Exterior S.N.C. (Bancomext) for a total amount of USD520.8 million. The relationship between the Bank and this country was solidified in 2008 with the launching of the Central American Social Housing Development Program. It falls under the framework of the Mesoamerican Integration and Development Project (formerly Plan Puebla Panamá). Since that date, the Mexican government has made resources available to develop a sustainable market for long-term housing finance in the Central American region that addresses the housing deficit and future needs in this area. Throughout the Program's existence, 59 disbursements have been made through 14 intermediary institutions. In total, 192.7% of the initial financing available has been channeled, benefiting a total of 8,032 low- income households, which can now enjoy a more dignified home.
CABEI contributes to meeting SDGs in the region
• In line with its mission to promote integration and economic development, CABEI focuses its efforts on successfully fulfilling the Sustainable Development Goals (SDGs) incorporated in its 2015-2019 Institutional Strategy.
Guatemala City, May 31, 2019.- This morning, the Central American Bank for Economic Integration (CABEI) sponsored the event, "Progress on the Commitment to the National Development Agenda: SDGs and their articulation to the 2032 K'atun National Development Plan," which was organized by the Secretariat of Planning and Programming of the Presidency.On this occasion, CABEI together with other organizations, highlighted the key role of multilateral cooperation in providing solutions and contributing to meeting the SDGs in the coming years.At the event, CABEI announced that it is essential that its initiatives are consistent with the strategies of each country and that the efforts in financing are truly aimed at achieving impacts in the development and poverty reduction in each country of the Central American region. Committed to the SDGsThrough its Development Impact Evaluation System (SEID) and the application of the ex ante evaluation methodology, it is possible for CABEI to assess the approvals of 2018 and initially determine the consistency with the SDGs in the two groups of impacts : i) Infrastructure ii) and agricultural and livestock sector, together with a summary of the beneficiary population according to the main elements financed during the period.During 2018, approvals were made for productive infrastructure projects with a high impact on development; these were aimed at meeting goals 1,3,4,6,8,9. In relation to the social infrastructure, the Bank made approvals for Hospital Equipment projects in Guatemala that aim to put an end to poverty and hunger, improve the health and wellbeing of the citizens, achieve quality education, provide potable water and sanitation systems and purvey economic and social infrastructure to its member countries.In line with this commitment, CABEI will continue to participate in different international conventions and forums.
