CABEI promotes affordable educational loans for Honduran youth
Providing knowledge and promoting the region’s competitive advantages are some of the objectives of CABEI’s Educational Loan Program, which is available for Honduran young people.
As part of its “Financing for the Majority” initiatives, the Central American Bank for Economic Integration (CABEI) signed two educational loan agreements with the Centro de Diseño, Arquitectura y Construcción (CEDAC).
The first one is an agreement to facilitate the access of Central American students to loans for higher education, and the second one involves non-reimbursable technical cooperation agreement to partially finance a diploma course prior to a Postgraduate Degree on Teaching and Educational Institution Administration in the Design Field.
As a result of this effort to improve the training of the region’s inhabitants, higher education will now be affordable for a larger percentage of Honduran young people in order to increase the competitiveness of the Central American countries.
CABEI’s Educational Program (PBCE1) is open to all Central American universities, which must go through CABEI’s eligibility process in order access these funds. The PBCE was created to increase Central American countries’ educational indices. It is financed with the Bank’s own resources and with contributions from the Government of the Republic of China (Taiwan), granted through the country’s International Cooperation and Development Fund (ICDF). Currently the CABEI program has US$20 million available for the entire region.
According to CABEI’s Executive President, Dr. Nick Rischbieth, this strategic alliance is part of efforts that are being promoted to encourage high impact initiatives in the region, whose fundamental goal is the development of the Central American countries.
Dr. Rischbieth explained that with this agreement signed in Honduras, CABEI is strengthening its educational funding activities on the Isthmus, thus accomplishing the objectives proposed in its 2010-2014 Institutional Strategy; likewise with the non-reimbursable technical agreement the Bank is contributing for CEDAC’s curriculum improvement.
CEDAC was founded in Honduras in 1996. It is recognized for its quality education and has a more than 285 students, for whom this agreement will complement the efforts of the Center to provide access to higher education.
CABEI invites all young students to visit the universities already affiliated with this worthy credit program, such as: Universidad Americana, Ave María College, Thomas More, University of Managua and Universidad Centroamericana in Nicaragua; Universidad Tecnológica Centroamericana (UNITEC), Escuela Agrícola Panamericana (Zamorano) and CEDAC, in Honduras; and Escuela de Agricultura de la Región Tropical Húmeda (EARTH) and Centro Agronómico Tropical de Investigación y Enseñanza (CATIE) in Costa Rica to learn about their educational programs and their entrance requirements.
