CABEI President highlights region’s potential at 45th ALIDE General Assembly

Cancun, May 21, 2015.- “In attention to the region’s changing needs and based on its accumulated experience to date,  CABEI seeks sectors with great development potential where it can channel transnational resources towards initiatives that tend to improve the region’s productivity and competitiveness. It also seeks to contribute to strengthening energy integration, facilitate infrastructure at border crossings, provide access to coverage of information and communication technologies and develop airline and multi-mode transportation systems,” said CABEI Executive President Dr. Nick Rischbieth.

Dr. Rischbieth is attending the 45th General Assembly of Latin American Association of Development Financial Institutions (ALIDE) as a guest speaker; the Assembly began today, and Dr. Rischbieth participated in the second plenary session with a speech on "Physical connectivity strategies and projects in Central America."

The CABEI President recognized that the Bank has formed an important part of the continuous evolution of the institutional framework coordinated by the Central American Integration System with the Institution acting as the financial arm of the regional integration process.

Dr. Rischbieth noted that the projects related to the integration process have led to positive changes in different areas, with noteworthy contributions to electrical interconnection, physical integration, commercial integration of goods and services, implementation of a regional agricultural and rural development policy and establishing executive and coordinating bodies.

In this sense in the face of the future, President Rischbieth discussed the CABEI 2015-2019 Institutional Strategy: “Integrating Sustainable Development and Competitiveness,” which seeks to consolidate the Bank’s relevance in supporting the region’s countries in terms of development, economic integration and competitiveness.

In his speech, the CABEI President recognized the efforts of Honduran President Juan Orlando Hernández whose initiative to streamline the border processes between Guatemala and Honduras will be inaugurated in December 2015.

En su exposición, reconoció la buena iniciativa impulsada por el Presidente de la República de Honduras, Juan Orlando Hernández de agilizar los procesos de aduana entre Guatemala y Honduras, lo que será efectivo a partir de diciembre del 2015.