CABEI calls for solidarity and public policies in the face of unsafe migration


Executive President, Dante Mossi, participated in an event organized by UNHCR.

San José, June 10, 2021 - As part of the SICA-Spain Extraordinary Summit held this Thursday in Costa Rica, the Executive President of the Central American Bank for Economic Integration (CABEI), Dante Mossi, participated in the event "Solidarity towards forcibly displaced persons and the communities that host them, in the Central America and Mexico region," organized by the United Nations High Commissioner for Refugees (UNHCR).

In his speech, he highlighted three of the main causes of migration in the Central American Northern Triangle identified from an exhaustive analysis carried out by CABEI. Uncertainty due to the COVID-19 pandemic is one of them, of which he stressed the importance of being able to provide access to the vaccine to all Central Americans, and that along these lines CABEI approved up to US$800.0 million in very soft financial conditions in the first four months of 2021 to finance the acquisition and application of vaccines against COVID-19 in eight countries of the Central American Integration System (SICA).

Secondly, the lack of access to basic services, which he said must be guaranteed so that people's integrity is not threatened and they are not forced to migrate in search of better opportunities. In this regard, he explained that in 2020 alone, CABEI disbursed US$2.8 billion to the region for different development projects.

Meanwhile, with the problem of little support for micro, small and medium-sized enterprises (MIPYMES), he pointed out the impacts that so far continue to be generated with the Facilidad de apoyo al sector financiero para financiamiento de las MIPYMES (Financial Sector Support Facility for financing MIPYMES) program. "Wealth creation begins with support for our small businessmen," he added.

The President of the Government of Spain, Pedro Sánchez, in his capacity as President of the Platform for Support to the Regional Integrated Framework for Protection and Solutions (MIRPS), convened the event held in Costa Rica where he announced Spain's contribution of US$7.6 million to support the countries' action plans.

New humanitarian and development commitments were also presented, with contributions totaling more than US$110 million, as well as the establishment of a joint mechanism to follow up on the results of the event in order to continue mobilizing support for the region.