CABEI and Honduran Government sign contract for the purchase of 2.8 million COVID-19 vaccines


The US$35 million financing was formalized during the groundbreaking ceremony for CABEI's annex building.

Tegucigalpa, May 13th, 2021.- On Thursday, the Central American Bank for Economic Integration (CABEI) and the Government of the Republic of Honduras formalized the US$35 million financing for the purchase of 2.8 million doses of COVID-19 vaccine.

The loan agreement was signed by the Finance Secretary, Marco Midence, and CABEI Executive President, Dante Mossi, with the participation of the President of the Republic, Juan Orlando Hernández, and CABEI Director for Honduras, Catherine Chang Carías, as honorary witnesses.

"We are very excited to learn that this financing will support the implementation of the "National Plan for the Introduction of COVID-19 Vaccines in the Republic of Honduras," which will benefit close to 1.4 million people, equivalent to 30.8% of the population prioritized by the health authorities," said CABEI Executive President, Dr. Mossi.

This financing is part of the Credit Facility for the Vaccine Acquisition and Application made available by CABEI to its member countries for an amount of up to US$800 million and which offers very favorable conditions, such as a rate of 1.9% for a 20-year term with a five-year grace period. Honduras was the second country to apply, after Costa Rica.

The formalization of this loan took place during the groundbreaking ceremony for CABEI's annex building, with which the Bank will expand its operations as a sign of its commitment to be part of its member countries' economic reactivation.

"The expansion of our headquarters in Tegucigalpa reflects the confidence that CABEI has generated to bring development to the region. We are focused on promoting investment and employment, thereby contributing to the dynamization of their economies," concluded Dr. Mossi.

The project will have more than 12,000 square meters of construction on six levels, providing more space for employees to work in technically adequate, high-tech areas. In addition, around 250 direct and indirect jobs will be generated during the construction phase.

This new facility will have a LEED Gold certification, which means that it will be a sustainable building because it guarantees the adoption of international sustainability policies from the design and construction process to its operation, including a solar farm for clean energy production.