CABEI reiterates support to Mesoamerican projects at the 16th Tuxtla Summit

San José, Costa Rica, March 29, 2017. – This morning, the Central American Bank for Economic Integration (CABEI), in its capacity as member of the Mesoamerica Project Inter-Institutional Technical Group, participated in the 16th Summit of Tuxtla Heads of State and Government of the Mechanism for Dialogue and Coordination. The event’s objective was to create a space for political dialogue, the consolidation of peace and democracy and the promotion of regional cooperation.

The event, which was inaugurated by the leaders of Mexico, Colombia, Guatemala, Costa Rica and Panama, was also attended by delegations from the 10 member countries and the strategic partners that compose the Inter-Institutional Technical Group. In the framework of the Summit, an Academic Forum denominated, "Mesoamerica United to Promote Public-Private Partnerships for Development," was also held. The CABEI delegation was chaired by CABEI Country Manager for Costa Rica, Mr. Mauricio Chacón, who highlighted the impact of the Mesoamerica Project on the region’s development.

At the Summit, CABEI highlighted the contributions it has made to the strategic axes defined by the Mesoamerica Project, from 2008 through the close of 2016. With regard to the axis of Electric Infrastructure and Institutionality, CABEI has contributed US$460.5 million. With respect to the axis of Infrastructure Interconnection and Transportation Services, it has approved operations amounting to more than US$1.69 billion. In the axis of Social Housing, it has contributed US$54.0 million. The aforementioned represents an accumulated amount of US$2.20 billion in projects that have contributed to improving the quality of life of the Mesoamerican countries.

With regard to the Electric Institutionality sector, CABEI has been the largest investor in the 1,800 km-long Electric Interconnection System for the Central American Countries (SIEPAC).  In terms of road infrastructure, the Bank has financed 16% of the 3,210 kilometers that make up the Pacific Corridor, which is part of the International Mesoamerican Highway Network (RICAM)

With resources provided by the Mexican Government, the CABEI Social Housing Program has benefited a total of 7,553 low-income households that now have a more dignified home.