CABEI supports regional initiatives that foster growth in the SICA region
With these actions, the Central American Bank for Economic Integration (CABEI) complies with the mandate for which it was created in 1960 as the financial arm of the region's integration and development.
Tegucigalpa, January 16, 2019.- With its intense strategy of channeling financial resources and business models, the Central American Bank for Economic Integration (CABEI) promotes the economic and social development of the eight countries that compose the Central American Integration System (SICA), boosting sustainable economic growth and regional competitiveness.
Throughout its history, CABEI has promoted the cooperation and integration of Central America in terms of financing, training and technical assistance to support programs and projects that foster productive processes of the economies and better business sustainability in order to contribute to the development and improvement of the living conditions of the inhabitants of the region.
CABEI Executive President, Dr. Dante Mossi, stated that the work carried out confirms the institution’s commitment of continuing to invest its resources in projects with impact on development that reduce poverty, strengthen regional integration and promote the competitive insertion of the members into the world economy.
For his part, SICA Secretary General, Vinicio Cerezo, highlighted that the countries that make up SICA are in a region of enormous potential for economic and social development; therefore, CABEI has an important role with regard to providing financing to programs and projects for the benefit of the population of the SICA member countries.
CABEI, which is the financial arm for the region of the SICA countries, has been supporting regional institutions in identifying and promoting regional programs, projects and initiatives within the framework of the five pillars of the SICA agenda: economic integration, social integration, change climate change and integral risk management, democratic security and institutional strengthening.
Since 2011, CABEI has financed significant regional initiatives for an amount that exceeds US$1.45 billion. In addition, it has provided financing amounting to US$2.33 billion for highway projects, electrical interconnection, housing development and road infrastructure.
The Bank has an important role in supporting regional strategies, policies, programs and projects. To date, 19 initiatives have been carried out, making Central America a stronger and more competitive region.
In this way, the Bank ratifies its regional commitment to continue investing resources in projects with an impact on development in order to reduce poverty, strengthen regional integration and foster the competitive insertion of its member countries into the world economy.
