CABEI contributes to the Gulf of Fonseca's development as an area of opportunities and sustainable development

10/04/2019
The plan presented today proposes opportunities for the promotion of investments aimed at the growth of the Central American region in benefit of rural populations and their sustainability.
The plan presented today proposes opportunities for the promotion of investments aimed at the growth of the Central American region in benefit of rural populations and their sustainability.

The Master Plan for Trinational Investment and Economic Development Projects for the Gulf of Fonseca was presented.

CABEI announces the guidelines and stages of the regional initiative.

 

Tegucigalpa, April 11, 2019.-  Today, the Central American Bank for Economic Integration (CABEI) presented the Master Plan for Trinational Investment and Economic Development Projects for the Gulf of Fonseca, which will serve as an instrument for planning, negotiation and coordination among the three countries.

The event was attended by Honduran President, Attorney Juan Orlando Hernández; CABEI Director for Honduras, Catherine Chang; CABEI Country Manager for Honduras, Manuel Torres; Salvadoran President, Salvador Sanchéz Cerén; and Nicaraguan President, Daniel Ortega Saavedra.

During his presentation regarding the Investment and Economic Development Plan, CABEI Executive President, Dr. Dante Mossi, stated that this Plan is in line with CABEI's integrationist vision and the region's needs. Through its operations and programs, the Bank seeks to generate high social and economic impact in the region.

Noteworthy economic, social and environmental efforts
He added that the initiative of the Master Plan for Investment and Economic Development of the Gulf of Fonseca region is part of the vision and agreements signed by the Presidents of the countries of El Salvador, Honduras and Nicaragua to seek joint solutions in an area that has the potential to become the development pole of the Central American Pacific coast.

He noted that the objective of the work entrusted to CABEI involved the hiring of a specialized firm with the purpose of designing an Investment and Economic Development Plan, which includes Strategic Guidelines and Projects for Investment and Economic Development, and that will serve as an instrument of planning, negotiation and coordination between countries in the short, medium and long term.

This historic opportunity and support by CABEI to the countries was possible thanks to the coordination and effort of the Delegations of the three countries and the technical advice provided by the consulting company IDOM in this process. From now on, its implementation will depend on the decision making and effective coordination among the three countries.

Finally, Mossi commented that, "This gradual development of investments is expected to help establish the conditions and bases for social and economic development, as well as a shared prosperity for all the inhabitants in the Gulf of Fonseca region.”

See here the photographies: https://flic.kr/s/aHsmCMCVSd

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