CABEI approves Results-Based Programs (RBP)
The incorporation of the RBP into CABEI's financing modalities is in line with the demand of its member countries to improve the design, implementation and creation of their own development programs, with the objective of achieving sustainable results.
Tegucigalpa, November 7th, 2022.- The Central American Bank for Economic Integration (CABEI) approved the Results-Based Program (RBP), which consists of a credit facility that disburses resources directly linked to the achievement of predefined, measurable and verifiable results.
The RBP will support borrowers to improve the design and implementation of their own development programs or create new programs, with the objective of achieving sustainable results through strengthening governance, accountability within country systems, and fostering a culture of results-based management.
CABEI's Executive President, Dr. Dante Mossi, explained that "the purpose of this initiative is to promote sustainable development and improve the efficiency and effectiveness of public programs aimed at a wide range of sectors, orienting the disbursement of financial resources to the achievement of previously agreed key results."
The approval of the RBP complements the Bank's existing financial instrument modalities, so that borrowers will be able to choose from a wider range of instruments that better suit their objective, desired outcomes and implementation.
CABEI member countries, as well as public entities through non-sovereign financing, may be RBP borrowers.