CABEI presents Costa Rican financial institutions with new programs to sustainably reactivate the economy


During two days, CABEI shared details of its financial intermediation programs and initiatives aimed at strengthening the productive sectors.

San José, October 28th, 2022 - The Central American Bank for Economic Integration (CABEI) held two meetings with the purpose of strengthening relations with allied intermediary financial institutions in Costa Rica and promoting the channeling of resources for the benefit of the private sector, where it presented the important contribution it has made to the development of the local and regional economy through innovative initiatives that are available to continue supporting the country's productive sectors with financing and non-reimbursable technical assistance.

The activities were attended by members of the senior management of 19 different financial institutions, including private and public banks, savings and credit cooperatives, finance companies and mutuals.

"Central American financial institutions are CABEI's key allies in channeling resources to companies or MSMEs that require support to boost their businesses, which is why this approach is of great importance to listen to their requirements, but also to present the support mechanisms that the Bank offers for the benefit of its clients," explained CABEI Executive President, Dr. Dante Mossi.

For his part, Alberto Franco, CABEI Director for Costa Rica, highlighted the historical contribution that the multilateral institution has made to support the country in developing works of national importance, such as road and hospital infrastructure, water, sanitation and sewerage, renewable energy and the MSME sector, among others.

During the event, held on October 26th and 27th, 2022, representatives of the financial sector were presented with the main results and the positive contribution made by the multilateral in the region through its Financial Sector Support Facility for MSMEs affected by COVID-19, a product that since its launch in July 2020, has benefited more than 7,896 micro, small and medium-sized enterprises and that as of September 2022, more than US$635 million in loans have been disbursed, protecting more than 89,000 jobs at the regional level.

In addition, some regional programs with which the multilateral supports the attention of common challenges among the countries were detailed, such as: the Green MSMEs tripartite initiative, the CAMBIO II Programs and the Dry Corridor.

CABEI in Costa Rica has approved a total of US$810 million for the financial sector, which is channeled through 19 intermediary financial institutions and whose funds may be used in various programs aimed at promoting the country's economic, social and environmental development.

For more information on the Programs, please contact the Financial Institutions and Strategic Programs Executive in Costa Rica, Heidy Ureña (