CABEI highlights importance of construction sector for Central American economic recovery


During a forum held by the Guatemalan Chamber of Construction, the infrastructure access challenges among the countries of the region were discussed.

Tegucigalpa, March 23rd, 2022.- During the virtual forum "2022 Economic Perspectives and Investment Plans in the Construction Sector" organized by the Guatemalan Chamber of Construction, the Central American Bank for Economic Integration (CABEI) highlighted the importance of this sector in the regional economy.

At the virtual meeting, the multilateral presented current data from the  "Central America and the Pandemic: Economic Impact of COVID-19 in 2020 and 2021-2023 Perspectives" report, released in December 2021, and pointed out that the region presents heterogeneous realities in the levels of access to social infrastructure, with significant gaps in roads and housing.

CABEI was represented by Executive Vice President Jaime Díaz, who emphasized the need to continue supporting the most vulnerable groups affected by the COVID-19 crisis, promote reactivation policies in lagging sectors and encourage financing programs that consider remittances as collateral for housing and business ventures.

He also commented that "we must take advantage of PPP mechanisms to promote the development of strategic works to improve productivity levels, market access and competitiveness of the region's countries," said Diaz.

Regarding this activity, CABEI Executive President, Dr. Dante Mossi emphasized, "This type of space for the exchange of ideas and discussion is very important for CABEI; we are grateful for the invitation and our doors are open to develop this sector, which is so important for our member countries. Our report emphasizes that productive infrastructure is vital not only to improve people's quality of life, but also the countries' competitiveness."