CABEI strengthens its commitment to the social wellbeing of Costa Ricans by approving the 2023-2026 Country Strategy

San José, October 26, 2023 - Designed to be implemented over the next three years with the objective of improving the quality of life of Costa Ricans by supporting the execution of the country's priority initiatives, the Central American Bank for Economic Integration (CABEI) approved the 2023-2026 Costa Rica Country Strategy.

Aligned with the multilateral's Institutional Strategic Framework, its preparation took into account the country's current development priorities, which are set out in the 2023-2026 National Development and Public Investment Plan to increase economic resilience, strengthen competitiveness and social inclusion.

Likewise, for its implementation, various national priorities were considered, which have emerged as a result of the gaps identified in the analysis of the country's economic, social and environmental context.  In this sense, the projects included are focused on areas such as Human Development and Social Infrastructure, Productive Infrastructure, Rural and Environmental Development, Energy, Financial Intermediation and Development Finance, and Competitiveness Services.

The Bank will coordinate efforts and implement strategic actions to support operations that have an impact on the country's inclusive development and regional integration, incorporating cross-cutting approaches to gender and environmental and social sustainability.

An indicative US$1.75 billion is estimated to be available for new approvals in the country during the period of the approved strategy.