CABEI visits Argentina to verify progress of financed works and identify new development initiatives

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The Bank currently has eight programs in force in Argentina, implemented with different State Ministries and provinces, working jointly with the Strategic Affairs Secretariat.

Buenos Aires, April 7th, 2022. – In order to follow up on the operations that are active in the country and identify future initiatives that the Central American Bank for Economic Integration (CABEI) can support technically and financially for the benefit of Argentines, a delegation from the multilateral visited its extra-regional partner country this week.

During the mission, meetings were held with representatives of the Argentine State from the Strategic Affairs Secretariat, the Ministry of Women, Gender and Diversity, the National Institute of Social Services for Retirees and Pensioners, the Ministry of Agriculture, Livestock and Fisheries, the Ministry of Public Works, the Ministry of Science, Technology and Innovation, the Ministry of Environment and Sustainable Development, the Ministry of Health and the Ministry of Productive Development, as well as from the Jujuy Province.

CABEI Executive President, Dante Mossi, stated, "For CABEI, promoting Argentina's social and economic development is a priority and these visits are proof of our commitment as a multilateral institution to continue supporting initiatives that improve the quality of life of the Argentine population. In a short period of time, we have increased to eight active operations, and we expect to provide support for new operations this year, which will be enhanced with the opening of our office in Buenos Aires, strengthening the link between Argentina and Central America.”

Meanwhile, CABEI Director for Argentina and Colombia, Maximiliano Alonso, commented: "With this important visit, the Bank ratifies its commitment to the Argentine State. The operations currently underway in the country are making steady progress and we plan to increase the positive impact through new programs and projects in sectors such as human and social development, as well as science and technology, education and health throughout Argentina.”

The meetings were followed by visits to some of the works that are part of the programs being implemented in the country, such as the new headquarters of the Ministry of Women, Gender and Diversity and the Bicentennial Hospital in the town of Ituzaingó, in the province of Buenos Aires.

An important part of the tour was a visit to the Jujuy province, where the team held meetings with Governor Gerardo Morales and the Ministry of Education team led by Minister Maria Teresa Bovi, ending the tour with field visits to educational centers such as Alto Comedero 34th High School and Presidente Avellaneda 28th School, both located in San Salvador of Jujuy.

Argentina has been a member of CABEI since 1995 and currently has an active portfolio of US$379 million made up of eight operations in sectors such as science and technology, education, health, infrastructure, digital transformation of SMEs and rural development, among others. These initiatives are expected to benefit more than 24 million Argentines.