CABEI and Germany sign agreement for € 31.0 million to join forces in housing matters
Throughout the years, CABEI and Germany have focused their work on protecting the environment and natural resources, promoting renewable energy and energy efficiency and fostering Micro Small and Medium Enterprises (MSMEs).
Tegucigalpa, February 12, 2020. - The Central American Bank for Economic Integration (CABEI) and the German Embassy to Honduras signed an Intergovernmental Agreement for the financing of up to 30 million euros and a financial contribution of up to 1 million euros from the German KfW Development Bank for the Green Housing Program in Central America (ViVe).
The program aims to apply measures of energy efficiency, renewable energy and bioclimatic technology in order to contribute to the strengthening of climate change adaptation and mitigation in the housing sector and in the construction of public buildings.
During the event, CABEI Executive President, Dr. Dante Mossi, commented that, “The signing of this agreement is an important step towards developing green housing projects in all the countries of the Central American region. As a development bank, we offer solutions that allow promoting efficient and sustainable programs.”
Aspects of housing sustainability in Central American countries are still in the early stages of development with several countries still struggling to address climate change issues. In this regard, since 2015, CABEI has been promoting its Sustainable Housing and Habitat Program (VIDHAS), which is in line with the regional urban planning and housing strategy led by SICA.
KfW has been replicating its successful experience with the Ecocasa program in Mexico in the Central American region in order to promote the renewable energy use and efficient resource use in the sector.
The resources will be made available to the public once the preparation of the program is finalized and will be accessible to Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and the Dominican Republic.
The agreement is the result of intergovernmental negotiations between the Government of the Federal Republic of Germany, the General Secretariat of SICA and CABEI held in San Salvador from June 24 to 26, 2019.