CABEI and Partnership for Central America sign agreement to promote development initiatives to mitigate migration in the north of the region

Tegucigalpa,  January 20th,  2022.- On Friday, the Central American Bank for Economic Integration (CABEI), through its Social Support Foundation (FAS) and the Partnership for Central America, Inc. (PCA), signed a memorandum of understanding in Washington D.C. to promote the identification and support of initiatives that comprehensively address the causes of migration in Guatemala, El Salvador and Honduras.

The agreement contemplates activities aimed at facilitating collaboration between the private sector, governments, aid agencies, international organizations, among others, to promote investment in programs or projects with a high social impact that will amplify economic development opportunities in the beneficiary countries.

"We are pleased to formalize this agreement that will promote greater opportunities for economic development and foster the exchange of knowledge and experiences focused on strengthening private sector investment in our countries, as well as supporting an issue of great importance such as migration," said the Bank's Executive President, Dr. Dante Mossi.

In addition, this partnership will facilitate coordination to promote best practices on mechanisms for channeling resources to address the root causes of migration and foster long-term sustainable development in beneficiary countries.

FAS was created by the Bank in 2020 with the purpose of promoting high social impact projects in member countries, accelerating the development of the region; complementing and strengthening the Bank's strategic objectives through activities that contribute to the reduction of extreme poverty.