CABEI promotes good governance practices


The Board of Governors is the Bank's highest authority, and will be holding the Sixty-Seventh Extraordinary Meeting on October 1.

Tegucigalpa, September 5, 2018.-  The Central American Bank for Economic Integration (CABEI) continues to work to meet the challenges of addressing the priorities of partner countries and generating a positive impact on the inhabitants of the region, strengthening its governance.

As determined by the Bank's internal regulations, the new Executive President is in the process of being selected, and will be elected by the Board of Governors from a shortlist of three chosen on the basis of an international tender.

The process is carried out through an internationally recognized consulting firm, Heidrick & Struggles, which was chosen after a competitive recruitment process. The external company guarantees transparency and due publicity, as well as verification that in the selection of the candidates they meet the requirements to occupy the position established in its rules and regulations.

The firm selected a list of qualified candidates who meet the technical requirements, from the pool of 145 candidates who individually submitted their applications. In accordance with the procedure, the Board of Directors interviewed them in person and prepared the selection of candidates that will be submitted for consideration by the Board of Governors at its next extraordinary meeting.