CABEI and the Japan Bank for International Cooperation announce financing for green operations

07/11/2018
Como parte de las operaciones verdes del BCIE, estos recursos permitirán financiar proyectos de eficiencia energética, como el mantenimiento y la mejora de las redes de transmisión y distribución de energía en Centroamérica.
Como parte de las operaciones verdes del BCIE, estos recursos permitirán financiar proyectos de eficiencia energética, como el mantenimiento y la mejora de las redes de transmisión y distribución de energía en Centroamérica.

The amount of US$100.0 million will contribute to the financing of CABEI’s operations in energy efficiency projects.

Tegucigalpa November 7, 2018.- The Central American Bank for Economic Integration (CABEI) and the Japan Bank for International Cooperation (JBIC) signed a loan agreement for an amount of US$100.0 million that will be used to finance energy efficiency projects in the Central American region.

This loan agreement called "Green Facility Untied Loan II" is co-financed with other financial institutions in Japan, including: Mizuho Bank, Ltd. (main coordinator), The Bank of Yokohama, Ltd., The Bank of Saga Ltd., Joyo Bank, Ltd., Tsukuba Bank, Ltd. and The Hachijuni. Bank, Ltd.

"The agreement contributes to the strengthening of green financing operations, as well as achieving the objectives of generating clean energy and reducing emissions, while supporting regional development and job creation," said the Executive President of CABEI, Dr. Nick Rischbieth.

"This is the second green facility extended to CABEI, it represents the successful relationship that we maintain between CABEI and JBIC, I am very pleased to know that we will continue working together to develop institutional capacities and promote more sustainable projects in the Central American region," he added.

An important strategic cooperation

Credit cooperation between CABEI and Japan dates back to 1969, currently Japan is one of the main sources of external resources of the institution. Since that date, including this loan agreement, eleven credit agreements have been signed for a total amount of US$717.3 million; a part of the funds have financed development projects for the public and private sector, the other part has been oriented to promote Japanese exports to Central America.

This successful credit relationship is the result of the implementation of the diversification strategy of the Bank's funding sources, to promote the integration and economic development of the region.

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