CABEI allocated more than US$272 million to Guatemala during 2022 to improve the quality of life of more than 5 million people
Through financing, cooperation, and donations, we seek to improve the country's road infrastructure, improve the competitiveness of small and medium-sized enterprises, and mitigate the effects of climatic events.
Guatemala City, January 27th, 2023.- In order to improve the quality of life of more than 5 million Guatemalans and increase the competitiveness of its founding member country, the Republic of Guatemala, the Central American Bank for Economic Integration (CABEI) approved US$270 million over the 2022 period to finance the country's public and private sectors; and granted more than US$2 million in technical cooperation and emergency aid, supporting the country's sustainable recovery.
The multilateral approved US$750,000 in emergency aid to mitigate damages and provide assistance to victims of Cyclones Blas, Celia, and Julia; US$1 million to support the Public Finance Ministry in its digital transformation, fiscal policy efficiency, and compliance with transparency and procurement regulations; US$75,000 to conduct a prefeasibility study for a potential project to reduce pollution of the Motagua River; and US$50,000 to develop technical studies for a private project to generate electricity for the Motagua River; 75,000 to conduct a prefeasibility study for a potential project to reduce pollution of the Motagua River; and another for $50,000 to develop technical studies for a private renewable energy generation project in the department of Jutiapa.
CABEI's Executive President, Dr. Dante Mossi, commented, "CABEI's active role allows us to accompany the countries of the region in reaching new stages of development and providing opportunities for the well-being of the people. With these approvals, we seek to contribute to economic consolidation and reactivation, and to generate new and better jobs. We are a strategic partner in the region and we hope to continue collaborating so that Guatemala can strengthen economically, socially and institutionally.”
In line with its Institutional Strategy, the multilateral approved US$170 million for road infrastructure investments in eight of the country's departments, including the construction of five new bridges, among them the binational "El Jobo" bridge on the border with El Salvador. It also authorized $100 million to support small and medium-size companies to improve their operations and productivity through access to financing for investment and working capital.
CABEI will continue to contribute to Guatemala and the countries of the region, implementing programs and projects that guarantee the quality of life, security and the common good of its inhabitants and, in turn, the prospects for competitiveness in order to achieve a prosperous region full of opportunities.