CABEI and Nicaragua's Superior Council of Private Enterprise meet to discuss financing opportunities
CABEI currently has an active portfolio with the Nicaraguan private sector for US$119.28 million.
Managua, June 14th, 2022.- With the participation of the 26 chambers and associations that represent Nicaragua's productive sectors and are part of the Superior Council of Private Enterprise (COSEP), the Central American Bank for Economic Integration (CABEI) presented on Wednesday the main mechanisms and opportunities it offers to access financial and technical support for the development of private initiatives, as well as funds and financial intermediation programs in the short, medium and long term.
The activity was also attended by members of the Nicaraguan Chamber of Private Free Trade Zones Federation (FCNZFP), to whom the multilateral also explained the importance of strengthening alliances to jointly contribute to the country's economic dynamization, generating more jobs and well-being for the population.
"These approaches with Nicaragua's private sector allow us to unify joint actions in favor of the country's economic, social and environmental development. Today we have also shared some good news, such as the recent approval of an interest rate adjustment mechanism that will allow us to place resources through the Intermediary Financial Institutions (IFIS) network at preferential, accessible and competitive concessionary costs," said CABEI Executive President, Dr. Dante Mossi.
CABEI in Nicaragua currently has an active portfolio in the private sector of US$119.28 million channeled through 8 intermediary financial institutions, making it the main development organization that channels resources in support of financial inclusion in the region to a total of 70 financial intermediaries, including public banks, private banks, cooperatives, savings and loan associations and microfinance institutions, among others.
This type of meeting is in line with CABEI's 2020-2024 Institutional Strategy, which aims to strengthen relations with the private sector at the regional level, so that CABEI becomes a benchmark in the mobilization of private resources and Foreign Direct Investment.
