CABEI and Banco de Occidente sign US$20.0 million credit line to benefit more than 74,800 Hondurans


Among the main sectors to benefit from this operation are: MSMEs, energy efficiency, municipalities, productive sectors, and foreign trade.

Madrid, March 28th, 2023.- Promoting economic growth and competitiveness by strengthening Honduras'  business fabric is the goal of the Central American Bank for Economic Integration (CABEI) and Banco de Occidente with the opening of a US$20.0 million Global Credit Line (GCL) to support the development of 74,851 beneficiaries and 2,087 companies, as well as other organizations with legal status.

These resources will be used to strengthen and develop strategic sectors for the country, enabling municipalities; micro, small and medium-sized enterprises (MSMEs); foreign trade companies and productive sectors to have access to financing at preferential rates, in addition to promoting green financing. It also results in the maintenance of 3,642 permanent jobs, 49% of which belong to women.

"With this initiative we continue to reaffirm our commitment to business development, the generation of decent jobs and the well-being of Hondurans. MSMEs, companies and organizations will be able to access fast-disbursing resources thanks to the joint actions carried out with our partner financial institution for the past 14 years, thus promoting economic growth in Honduras," said CABEI Executive President, Dr. Dante Mossi.

The operation is framed within the Human Development and Sustainable Competitiveness axes of the CABEI 2020-2024 Institutional Strategy, contributing to inclusive economic growth and the strengthening of value chains.  Likewise, to the 2020-2024 Environmental and Social Strategy through support to the Green MSMEs Program, and to Sustainable Development Goals (SDGs) 8: Promote sustained, inclusive and sustainable economic growth, full employment and output and decent work for all, 9: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation, and 17: Strengthen the means of implementation and revitalize the global partnership for sustainable development.