CABEI fosters transparency and quality in the management of the projects it finances

23/01/2019
La multilateral impulsa la innovación, la calidad, la transparencia y la generación de empleo en los países donde desarrolla su misión.
La multilateral impulsa la innovación, la calidad, la transparencia y la generación de empleo en los países donde desarrolla su misión.

CABEI is committed to the best international practices regarding the procurement of goods, works services and consultancies as key elements for the region's sustainable development.

Tegucigalpa, January 23, 2019 (AFP SERVICES/CABEI). As an international multilateral development banking institution, the Central American Bank for Economic Integration (CABEI) continuously invests resources under rigorous norms of transparency in impact projects which has contributed to generating solid regional prosperity.

The financing is provided through a wide range of modalities and financial instruments targeted at development programs and operations, which it carries out in an efficient and effective manner in benefit of the social and economic aspirations of Central Americans and the inhabitants of the Bank's non-regional member countries.
  
CABEI thus accompanies the governments and entrepreneurs of its member countries in their effort to consolidate national procurement processes in order to comply with the best international practices, as a growth engine favoring the business, industrial and social development of its member countries. The fundamental purpose is for the nations to fully realize the procurement processes in projects financed by the Bank.
  
Integral and transparent principles
The funds are invested in line with the required prudential norms of integrity, transparency, equality, competence, due process and publicity. CABEI's procurement framework is agile and modern, helping to optimize public and private investments and promoting sustainable development in the region through job creation, innovation and social responsibility.

The system also offers clearer solutions to the changing needs of stakeholders and maintains standards in all projects supported by the Bank. Currently, CABEI carries out initiatives that reinforce its commitment to the executing organizations; some of the initiatives involve briefings, informative meetings and the international multilateral bank procurement forum. In 2018, CABEI reached a significant milestone in terms of procurement by achieving adhesion to the Forum of Multilateral Development Bank Procurement Heads.

Accountability
CABEI’s policies establish the procedures that borrowers, beneficiaries, contractors and suppliers must follow in any procurement process associated with projects financed with resources from the institution.

These guidelines ensure that all the credits are destined exclusively for the purposes for which they are granted, guaranteeing attention to the factors of economy and efficient use of funds, due accountability, respect for the environment and quality of the goods and services.

CABEI has made significant progress with regard to the transformation towards a business model adapted to the new challenges of the region, favoring the consolidation of its economic and social development.

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