The Central American Bank for Economic Integration (CABEI) stands out as an important protagonist committed to the development of its founding member country, Costa Rica, by creating jobs for its inhabitants. It does so as of the moment it approves and formalizes financing for projects that improve the quality of life of the population, up until these are under execution.
CABEI carries out a methodical analysis that involves evaluations of expected results in the stage prior to (ex-ante evaluation) to the approval of each financing through the Development Impact Evaluation System (SEID), which is under the charge of its Social and Environmental Monitoring Office (OFIMSA), with which estimates of multiple variables are made with data provided by the beneficiary (public institutions, decentralized institutions and/or financial entities) and technical, financial, social and environmental feasibility studies of the works.
In addition to the technical and financial scope of the programs or projects according to the sector (water and sanitation, road infrastructure, health, housing, etc.), environmental and social impacts are also measured, as well as human development impacts such as the total number of people directly and indirectly benefited, percentage of women, the number of temporary and permanent direct jobs to be preserved and generated, among others.
Proof of this is that, with the financing approved in 2023, it is estimated that more than 15,500 jobs will be generated, underscoring CABEI's commitment to labor inclusion.
GENERATING OPPORTUNITIES
Its comprehensive approach to employment generation, gender equity, and environmental sustainability, positions CABEI as a model to follow. The multilateral organization is not only driving economic development in the region by financing development initiatives, but also improving the quality of life of thousands of people.
On Labor Day, we ratify CABEI's commitment to job creation and sustainable development in Central America.
Publishing date: May 1st,2024
Abstract: The Central American Bank for Economic Integration (CABEI) stands out as an important protagonist committed to the development of its founding member country, Costa Rica, by creating jobs for its inhabitants
