CABEI contributes to the region’s financial intermediation and development finance sector
CABEI, which is the region’s strategic ally, currently has the largest network of intermediary financial institutions, over 100 institutions, to channel resources to Central America.
Tegucigalpa, November 4, 2016.- During his participation at the seminar "Central America’s Economic Integration and Productive Outlook: Challenges and opportunities to promote regional development" held in Guatemala by the Central American Secretariat of Economic Integration (SIECA), CABEI Executive Vice President Attorney Alejandro Rodríguez Zamora stated that, “The Central American Bank for Economic Integration (CABEI) continuously reaffirms its commitment to supporting its member countries in order to maintain its position as the region’s leading development organization. The Bank manages and channels resources from other countries and organizations interested in supporting the region’s development, mainly to the Microfinance and Small and Medium Enterprise (SME) sector.
During the roundtable panel discussion, Attorney Rodriguez was joined by the President of the CABEI Strategy and Programming Directors’ Committee, Dr. Alberto Cortés, who served as panel moderator; Mr. José de Jesús Rojas, Advisor to the CABEI Strategic Planning and Programming Office; Mr. Ary N. Avila, Head of the CABEI Credit Analysis and Evaluation Division; and Mr. Otto Gutiérrez, Head of the CABEI Strategic Programs and Procurement Division.
Attorney Rodriguez and the group of CABEI experts carried out an analysis about the importance of the financial intermediation and development finance sector; the discussion concluded with the establishment of the sector as a priority in the CABEI 2015-2019 Institutional Strategy.
In addition, Attorney Rodriguez noted CABEI’s positioning in the Central America region; it has a network of more than 100 intermediary financial institutions available to channel resources. He also highlighted the Bank’s importance to the region; it is the main source of funding for such strategic sector, more than US$2.0 billion have been disbursed and 15 financing programs have been made available to the regional intermediary financial network.
In his presentation denominated "Financial services and their contribution to the development of productive chains in Central America," Attorney Rodriguez explained that the financial system plays a strategic role in the region’s economy and that productive linkages are essential to generating employment, reducing poverty, increasing state revenue and stimulating the external sector.
The event was organized by the Secretariat of Central American Economic Integration, the Economic Commission for Latin America and the Caribbean, the Center for Studies on Economic Integration and the Central American Bank for Economic Integration.
