CABEI launches 2015-2019 Institutional Strategy

Tegucigalpa, May 12, 2015. - The Central American Bank for Economic Integration (CABEI) works intensely to ensure the wellbeing of Central Americans. Its work focuses on promoting the region’s development and supporting the efforts of its member countries.

CABEI’s profound knowledge about Central America has allowed it to channel the greatest amount of development resources to the region, thereby positioning itself as the most relevant multilateral financial institution to its member countries. Currently, CABEI stands out for its financial soundness, which is reflected in the improved credit ratings issued by different international rating agencies.

“From an integral standpoint, the strategy will align the Bank’s efforts with the promotion of sustainable competitiveness, targeting its contributions at the strategic axes of social development, competitiveness and regional integration. It will also strengthen CABEI’s positioning as a strategic partner for its member countries, providing them with financial solutions that contribute to creating jobs and improving the welfare and quality of life of their inhabitants,” said Executive President Dr. Nick Rischbieth at the launch of the new Institutional Strategy "Integrating Sustainable Development and Competitiveness."
He also stated that the Strategy will focus on maintaining CABEI’s positioning and relevance among its member countries. To ensure this, the Bank will make approvals amounting to US$8.50 billion and disbursements exceeding US$9.20 billion during the 2015-2019 period, representing portfolio growth of between 6.1% and 10.0%.

One of the region’s main objectives is the search for balanced economic and social development in a context of regional integration. CABEI will continue to support major regional and country initiatives aimed at improving the wellbeing and quality of life of its member countries’ inhabitants.

For his part, CABEI Executive Vice President Attorney Alejandro Rodríguez Zamora explained that the 2015-2019 Institutional Strategy contains specific development impact guidelines that will guarantee the proper execution of the interventions to be financed. It also establishes strategic guidelines related to the value proposal, targeting clients and beneficiaries; financial management sustainability; efficiency and quality in processes and structures; and streamlining organizational capacity.
During the 2015-2019 period, CABEI will strengthen its strategic alliances and develop its resources. The strengthening of existing relationships and establishment of new strategic alliances will allow the Bank to achieve sustainable growth in its operations and to generate complementarity and synergies with other stakeholders, incorporating them into the Institution’s governance structure.

In this regard, Rodriguez Zamora explained that the Bank not only plans to consolidate its impact on its members’ development processes, but also to foster a sense of belonging and identification in each member by aligning their interests with those of the Institution.

“The 2015-2019 Institutional Strategy will improve CABEI’s capacity to expand its geographic presence; diversify its business portfolio; strengthen its capital; raise more resources in financial markets; promote complementarities; strengthen its position among multilateral organizations; and foster more efficient management,” said Rodriguez Zamora.