CABEI participates in World Congress of Economic History
During the event, the evolution of financial markets and the role of international banking institutions in the development of the international economy and integration were identified.
Boston, Massachusetts. August 22, 2018.- The Central American Bank for Economic Integration (CABEI) recently participated in the World Congress of Economic History, where it presented to historians specialized in economics how the institution has provided support to the Central American region through the facilitation of and access to financial resources.
The event was held at the Massachusetts Institute of Technology (MIT) in Boston, United States od America. CABEI was part of the work team denominated, “International Financial Institutions: Multilateral Investment and Development Banks since the Second World War.” At the event, the evolution of financial markets and international banking institutions was discussed as a key factor in the development of the global economy and integration. In principle, under the premise that the higher the level of economic and financial integration, the greater the economic benefits achieved, agreeing that after the Second World War, International Financial Institutions were put into place in order to re-establish norms and rules for the functioning of global financial markets to promote economic growth and integration.
Historically, CABEI has supported the region through the provision of financial resources and technical assistance in order to promote its integration and balanced economic and social development. During the congress, the evolution of CABEI over the last 57 years and its contributions to the development made during the 2010-2016 period were presented and evaluated using the before-after evaluation technique and a number of econometric models to measure the change with regard to wellbeing.
In addition, other multilateral development organizations participated in the work group, among them: The Inter-American Development Bank (IDB), the Andean Development Corporation (CAF), the Asian Development Bank (ADB), the African Development Bank (AfDB), the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the Asian Infrastructure Investment Bank (AIIB). It should be noted that CABEI's presentation as well as the other multilaterals organizations mentioned will be part of an Oxford Review publication.
