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.
US $10 million in support of the decarbonization process of the coffee sector in Costa Rica
US $8.2 million comes from CABEI funds and EUR 1.8 million from the German and British Governments through the NAMA Facility to promote environmentally sustainable investments under the NAMA Coffee Support Project.
San José, August 20, 2018. Costa Rica's coffee sector will have a credit line of more than $10 million to promote investment in technologies and practices that reduce greenhouse gas (GHG) emissions and water and energy consumption.
The funds will be channeled through the NAMA Coffee Support Project Financing Program, and through financial cooperatives and national banks affiliated to the Central American Bank for Economic Integration (CABEI), so that they can disburse loans on favorable terms for investments in coffee benefits and micro-benefits located in Costa Rica.
NAMA Coffee in Costa Rica is a national initiative jointly executed by the Ministry of Agriculture and Livestock (MAG), the Ministry of Environment and Energy (MINAE), and the Coffee Institute (ICAFE) to reduce GHG emissions generated during the production and processing of coffee and improve the sustainable use of resources such as water and energy.
Applicants should address their request directly to the affiliated co-ops or banks and demonstrate that the investment to be considered in the coffee process or micro-process will reduce GHG emissions and/or water consumption by at least 5%, and/or energy consumption by at least 15%. These calculated reductions will be verified by the Costa Rican Coffee Institute (ICAFE).
Some examples of such investments are the purchase of brush turners, efficient kilns, planting shade trees in coffee plantations, or reducing the use of fertilizers. The full list of eligible technologies and good practices can be found on the NAMA Coffee project website.
This Financing Program for NAMA Coffee executed by CABEI is part of the NAMA Coffee Support Project in Costa Rica, which is funded by the NAMA Facility, a joint fund of the German Ministry of Environment, Nature Conservation and Nuclear Safety (BMU) and the British Department of Business, Energy and Industry Strategy (BEIS), and implemented by German Development Cooperation (GIZ). This stage is part of an escalation process that began with a pilot with which support has been received from the IDB, the MIF, and the Fund for Development Cooperation.
