Customs system between Guatemala and Honduras strengthened with financial support from CABEI

Tegucigalpa, September 21, 2016. – Today, the Central American Bank for Economic Integration (CABEI) and the Secretariat of Central American Economic Integration (SIECA) signed a non-reimbursable cooperation agreement for the Program denominated, "Support for the Deep Integration Process for the free movement of people and goods between Guatemala and Honduras."

"The signing of this US$1.5 million non-reimbursable cooperation agreement involves significant support from CABEI to modernize the customs systems of Guatemala and Honduras. It will help facilitate the transit of goods and people by using IT to interconnect the authorities involved in international trade and will also improve signposting at border crossings and strengthen the capacities of the public and private sectors," stated CABEI Executive Vice President Attorney Alejandro Rodríguez Zamora.

Attorney Rodríguez Zamora also stated that, “In order to fulfill its constitutive mandate of promoting the region’s economic integration and balanced economic and social development, CABEI finances high-impact regional projects and programs aimed at improving the quality of life of Central Americans.”

During the signing ceremony, Attorney Rodríguez emphasized that CABEI focuses its efforts on the integration process with the aim of contributing to intra- and extra-regional trade, physically integrating the region and supporting efforts to consolidate the region’s institutionality.

This financial cooperation is in line with CABEI’s 2015-2019 Institutional Strategy "Integrating Sustainable Development and Competitiveness" and is framed under the strategic axis of regional integration.

In addition, the CABEI Executive Vice President stated that the Bank’s participation in this operation reaffirms its commitment to supporting its member countries to carrying out innovative operations in favor of regional development.