CABEI's extra-regional partner, Argentina, moves towards a new development model hand in hand with the Central American region

Tegucigalpa, September 3, 2021 - Within the framework of the LXI Board of Governors, in which the strategic plan of the Central American Bank for Economic Integration (CABEI) was discussed, the Director for Argentina and Colombia, Maximiliano Alonso, traveled to Honduras and maintained a full work agenda. The objective is to strengthen Argentina's position in its relationship with Central America.

First, Alonso met with the institution's executive president, Dante Mossi, to discuss regional integration strategies, ongoing projects in the country and preparations for the opening of the Buenos Aires office in the coming months. 

CABEI Executive President Dante Mossi said, "Argentina is a key partner for the bank's expansion in South America. The country's scientific and technological advances in sectors such as the knowledge economy, health, food, and the automotive industry make it a great ally for us to replicate these practices in Central America. We are convinced that by working as a team we will be able to achieve growth in our economies.

"Each member country of the Bank has much to contribute. With the Argentine government, through the Secretariat for Strategic Affairs headed by Gustavo Béliz, CABEI is strengthening its position in the country to generate greater opportunities and development initiatives for its inhabitants," commented Alonso.

Maximiliano Alonso exchanged ideas and proposals with Executive Vice President Jaime Díaz Palacios and Celia Argüello, who is in charge of the project to create the Bank's Regional Innovation and Technology Center, to discuss upcoming initiatives for the region in which Argentina plays a major role.

Another of the main items on the agenda was a meeting with the Director for Honduras, Catherine Chang Carías, and the Directors for the Dominican Republic, Hostos José Rizik Lugo, and for El Salvador, Luis Rodríguez Villacorta, to continue deepening cooperation and integration actions among CABEI members.

As the Bank's expansion advances in South America and Europe, Alonso met with Jorge Marine Brandi, CABEI Director for Spain. Both shared the initiatives that their countries will take regarding the opening of their offices, as well as the actions they will carry out with the public and private sectors.

It is worth noting that CABEI's financial strength allowed the institution to approve the highest amount for the region in the Bank's history in 2020, for US$3.459 billion, and to disburse US$2.538 billion, giving continuity to important projects in its member countries.