CABEI donates US$6.0 million to regional training and employability program for 16,000 youths


The Ibero-American General Secretariat's (SEGIB) Campus Plus Ibero-American Education for Employment Program will benefit young people from nine of the Bank's member countries.

Tegucigalpa, May 24,  2021.- The Central American Bank for Economic Integration (CABEI), approved a non-reimbursable grant of US$6.0 million to start the Ibero-American General Secretariat's (SEGIB) Campus Plus Ibero-American Education for Employment Program pilot phase.

The program's objective is to support the inclusive development of young people in the region through education and work in order to improve their employability, competitiveness and regional integration.

It is estimated that up to 16,000 young people from Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Panama, the Dominican Republic, Mexico and Spain will benefit from the program, which is expected to be extended to all CABEI member countries in the Ibero-American region.

"The new generations are our region's future, which is why this program will be of great support for their student and professional development, as it is aimed at creating a talent network that is committed to the region's intelligent growth, contributing to guaranteeing and homogenizing the educational system's quality, favoring social wellbeing and the incorporation of young people into the labor market," explained CABEI Executive President Dr. Dante Mossi.

SEGIB Secretary General, Rebeca Grynspan, expressed her satisfaction with the program that is being launched and emphasized that “Talent is the most evenly distributed in the world, but opportunities are not. With this program we want to protect and support young people's talent and ensure that their talent has the opportunities they deserve.”

Interested young people will be eligible to participate in the program if they demonstrate talent, merit and need, and are currently completing the second part of a training program at a technical or technological education center or university in the region, and have mutual recognition agreements with other universities in the program.

Over the next few months, SEGIB, CABEI and other strategic allies will work together to formalize the program's launch and ensure that the first group of young people can develop their mobility in 2022.