CABEI seeks to promote the State of Qatar’s investment and cooperation with the SICA region

Tegucigalpa, July 20, 2018.- The Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Nick Rischbieth, undertook a mission to the State of Qatar to promote the investment opportunities offered by the Central American Integration System (SICA) region.

Dr. Rischbieth held a meeting with the Secretary General of the Ministry of Foreign Affairs of the State of Qatar, Dr. Ahmed bin Hassan Al Hammadi and with the Deputy Minister of Finance of the State of Qatar, Mr. Kalaf Ahmed Sh. Al-Mannai, with whom he spoke openly about options to boost trade between Qatar and the SICA countries through investments in strategic sectors such as energy, transport, telecommunications and agriculture, among others that are of interest to both parties.

In this regard, Dr. Rischbieth explained the facilities and diverse mechanisms offered by CABEI to channel investments and external cooperation resources to implement economic growth projects and programs, in its role as the main source of multilateral financing for the development of SICA countries.

CABEI's President spoke about the Bank's competitive advantages and strengths, its wide network of strategic alliances with international partners, and its financial soundness as it becomes the entity with the best credit risk in Latin America. 

CABEI's visit coincides with Qatar's opening relations with the SICA countries, which have been strengthened by that country's accession as an observer to SICA in 2016, and the opening of diplomatic missions in several Central American and Caribbean countries in recent years.  Qatar has also contributed to the achievement of the Sustainable Development Goals (SDGs) in the least developed countries by providing Official Development Assistance as a member of the Development Assistance Committee of the Organization for Economic Cooperation and Development (OECD).