CABEI creates Special Fund for Direct Foreign Investment
US$200 million to promote the incursion of companies into the markets of the countries that are part of the Central American Integration System.
Santo Domingo, August 16th, 2022. - In order to enable the participation of the private corporate sector in the development of the economies and markets of the countries that make up the Central American Integration System (SICA), the Central American Bank for Economic Integration (CABEI) created the Special Fund for Direct Foreign Investment with an availability of up to US$200 million.
Through this quota, CABEI will be able to provide resources to the private sector to enable companies to enter these markets, expand the operations of their holding companies through other subsidiaries domiciled in these countries, and gain access to competitive financial services.
American region and the bridge between this region and the world, as it is intended to encourage and facilitate private sector investment in all CABEI member countries, supporting potential investors in overcoming the barriers to access financing established by local banking regulators and thus boosting the economy," explained CABEI's Executive President. Dr. Dante Mossi.
Corporations, partnerships, entities, companies or any legal entity acceptable under CABEI regulations, domiciled in any of the member countries of the Central American region, will be eligible as borrowers. The financial conditions applicable to operations, including interest rate, term and grace period will be established for each particular case by CABEI's Assets and Liabilities Committee (ALCO).
