CABEI participates in the presidential inauguration in El Salvador and reaffirms its support by executing development initiatives that improve people's quality of life

San Salvador, June 1, 2024.- Reaffirming its role in supporting the development agendas of its member countries and promoting the well-being of the population, this Saturday the executive president of the Central American Bank for Economic Integration (CABEI) participated in the inauguration ceremony of Nayib Bukele as president of the Republic of El Salvador and Félix Ulloa as vice president for the 2024-2029 period.

The event took place in the National Palace with the participation of part of the CABEI board of directors from different countries, as well as Heads of State, Heads of Government, Vice Presidents, representatives of Royal Houses, special missions, and guests of honor.

“The Republic of El Salvador is a founding member of CABEI, and for more than 63 years it has been accompanied with technical assistance and financing of important productive and social infrastructure works, thereby benefiting the country's competitiveness, the business sector and MSMEs, the generation of employment, and the quality of life of Salvadorans,” highlighted Gisela Sánchez, executive president of CABEI.

Currently, CABEI executes public sector projects for an approximate amount of US$1.358 billion in El Salvador, reporting important investments in hospital infrastructure and equipment, justice and citizen security, education, and roadway and sports infrastructure, benefiting more than 6.3 million inhabitants throughout the national territory.

In the private sector, through its financial allies, CABEI channels credit resources and technical assistance to catalyze the development of MSMEs in the innovation and technology sector, renewable energy, and energy efficiency, and in sustainable production with a focus on adaptation to climate change.