CABEI and Korea sign US$100 million agreement to promote investment in the region
The agreement involves assistance and an exchange of knowledge and technological resources.
Tegucigalpa, January 17, 2017. - The Central American Bank for Economic Integration (CABEI) and the Korean Ministry of Strategy and Finance signed a US$100 million financing agreement to promote investment in infrastructure projects in favor of the region's development.
The financing agreement was signed by CABEI Executive President, Dr. Nick Rischbieth, and Korean Minister of Strategy and Finance, Mr. Yoo ll-ho, with the aim of promoting investment based on the experience and technology of Korean companies.
CABEI President Dr. Nick Rischbieth stated that, “Korea has historically provided support for the development of the Central American region through technical assistance and cooperation programs for the countries of the Central American Integration System; this demonstrates its commitment to the economic growth of the region’s countries.”
The agreement signing ceremony, which was held at the headquarters of the Korean Ministry of Strategy and Finance, was also attended by CABEI officials who accompanied President Rischbieth.
