CABEI participates in a virtual forum: "Productive reactivation after COVID”
During the event, operations financed with a focus on rural development and the environment were highlighted.
Tegucigalpa, October 7, 2020.- The Central American Bank for Economic Integration (CABEI), has allocated US$1,413.5 for the rural development and environment area in the last 10 years, this was communicated in the virtual forum: "Productive reactivation after COVID" in the XVII International Banana Convention.
During the event, the multilateral organization highlighted how to create investment opportunities to scale in the new financing scheme for sustainable development, in which eleven operations have been evaluated for a total of US$128 million involving the following countries: Costa Rica, Honduras, Guatemala, Nicaragua and Belize. The funding is focused on implementing environmental protection practices, supporting producers in rural areas, mitigating the impact of climate change, and providing technical assistance to enable them to use appropriate adaptation measures.
The representation of CABEI during the XVII International Banana Convention 2020 was carried out by Dr. Efrain Deras, CABEI's Evaluation Office Chief. The convention is a socialization space between investors, producers, and Development Banks, where the exhibitors and sponsors participation will be enhanced by the easy access to the exhibition, forum, and business roundtable. The virtual event will provide an in-depth look at the current state of agri-food production, the challenges, and several other aspects.
CABEI has cemented its role as a multilateral development institution and source of financing, in fulfillment of its commitment to support the region in confronting the effects of climate change, improving the environment, and conserving natural resources.