Statement: CABEI and the Republic of Honduras

09/12/2020

Tegucigalpa December 9th, 2020.- The Central American Bank for Economic Integration (CABEI), in view of the news released on December 8, 2020 in some written and digital media in Honduras, related to the creation of a unit to manage and handle donations, communicates the following:

CABEI, as a multilateral financial institution for development and the Central American regional integration system SICA, works to promote integration and economic and social development of the region's countries, including the Republic of Honduras.

CABEI carries out its work in close coordination with the authorities of its partner countries' governments. In the Republic of Honduras, the work of this institution is carried out in harmony and coordination with the Honduras' Directorate in CABEI, and the Ministry of Finance who holds the Governance of the Republic of Honduras in the bank.

In this sense, CABEI wants to establish that it looks upon the efforts of the Government of the Republic of Honduras with good eyes and supports its advances in transparency, accountability, and citizen participation mechanisms in the management of funds for the benefit of Hondurans, both in relation to the COVID-19 crisis and in emergencies due to the recent hurricanes.

We want to make it clear that the Government of the Republic of Honduras has been working in a harmonious, coordinated and transparent manner with the Central American Bank for Economic Integration for 60 years and following the COVID 19 pandemic, under the Pro Tempore Presidency of SICA and under the leadership of President Juan Orlando Hernandez, CABEI formulated the Emergency Support and Preparedness Program for COVID 19 for $2.4 billion, which is being executed efficiently and transparently by the Government authorities of the SICA countries, including the Republic of Honduras. Under these initiatives, Honduras has received disbursements of $652 million in 2020, almost three times the amount disbursed in 2019, for $278 million, as a result of the solid confidence in the use of these resources.

Under the leadership of President Juan Orlando Hernandez of the Republic of Honduras and the President of the Republic of Guatemala, Alejandro Giammattei, CABEI has started a hard task for the management of international cooperation resources for the reconstruction of the damages caused by hurricanes Iota and Eta. In addition, at CABEI headquarters in November of this year, we presented to the Presidents of the SICA countries the Central American Program for Resilient Reconstruction for an amount of US$2.5 billion.

In line with the efforts being carried out at the national level for the reconstruction of the damages caused by hurricanes Eta and Iota, CABEI continues making efforts to incorporate all sectors of the country and the international cooperation community to work on the reconstruction and economic reactivation of Honduras. In particular, CABEI proposed to work jointly with the private and public sectors to contribute to the country's fiscal sustainability, and given the enormous effort required for its implementation, it makes available and for the consideration of the Government of Honduras, the facility to manage external funds to join the effort to optimize the use of resources for the assistance to the affected people.

In response to the request made by the Government of the Republic of Honduras, CABEI will be working with the private sector and specifically with the National Financial System organizations in the reconstruction and economic reactivation efforts.

CABEI will continue working in a coordinated and transparent way, with the authorities of the Government of the Republic of Honduras and all the sectors that are interested in contributing to the reconstruction and reactivation of the country's economy.

Back