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 actions contribute to the development of the Trifinio Region
Last October, CABEI approved a non-reimbursable technical cooperation for an amount of up to US$635,355.00 to advance on the preparation of the Master Participatory Development Plan for the Trifinio region.
Tegucigalpa, December 5, 2019.- The Central American Bank for Economic Integration (CABEI) participated in the meeting of the Trifinio Plan Trinational Commission to present advances in the process of formulation of the Participatory Master Plan for the Trifinio Region (Guatemala, Honduras and El Salvador).
In its presentation, CABEI informed that since the approval of the non-reimbursable technical cooperation for the preparation of the Master Plan, the bidding process of the consulting firm that will prepare said Plan has advanced. It is estimated that the consultancy will start in March of 2020 during a six month period.
The consulting firm will be implementing a Plan that will include the elaboration of a baseline diagnosis in the Trifinio Regio;, a document of evaluation and quantification of the development gaps between the three countries of the region; strategic guidelines of the identified gaps; proposal document for strengthening the legal, regulatory and institutional framework; a strategy for the promotion and attraction of investment in the Trifinio Region; general recommendations or guidelines; and an action plan for the implementation of such recommendations.
The implementation of this Plan is a reflection of CABEI's commitment to regional initiatives and the development of value proposals with a focus on integration between countries and their territories.
