CABEI makes the first CAMBIO II Program disbursement of more than US$300 thousand to Banco Hipotecario de El Salvador

San Salvador, October 18^th, 2023. - With the objective of increasing the resilience to climate change of micro, small and medium-sized enterprises (MSMEs) in the region, the Central American Bank for Economic Integration (CABEI) joined forces with the Green Climate Fund (GCF) to implement the Productive Investment Initiative for Adaptation to Climate Change (CAMBIO II Program) and make the first disbursement to Banco Hipotecario de El Salvador for US$318,348.62.

CAMBIO II has a total financing of US$28 million to contribute to the elimination of financial and non-financial service barriers for the adoption and implementation of climate change adaptation measures by MSMEs through access to credit, technical assistance and incentives in sectors related to agroforestry, organic agriculture, silvopastoral systems, productive activities in private/community protected areas, forest management, tourism, sustainable fishing and aquaculture, among others.

This first disbursement will benefit MSME clients of Banco Hipotecario, who are engaged in agroforestry and coffee cultivation in the Departments of Santa Ana and Ahuachapán and who have projects in an advanced stage of development that generate 125 permanent jobs.

The resources will contribute significantly to the resilience of the MSME sector through training and access to non-reimbursable technical assistance that will enable them, in turn, to qualify for the Climate Change Adaptation Award.

This important program represents a milestone in CABEI's efforts to promote sustainable growth and provide financial support for climate change adaptation initiatives. As the region's Green Bank, CABEI reaffirms its commitment to environmental actions, as well as to fostering sustainable development projects and promoting responsible investment and inclusive growth in the region.