During the first quarter of 2023, the Central American Bank for Economic Integration approved more than US$1.5 billion to benefit the region
Countries such as Guatemala, El Salvador, Honduras, Nicaragua, Panama, the Dominican Republic, Argentina, and Colombia have received funds in the amount of US$1.735 million for the execution of works financed by the Bank.
Tegucigalpa, May 5th, 2023.- A total of US$1,522.2 million was approved by the Central American Bank for Economic Integration (CABEI) from January to March 2023 for the execution of initiatives aimed at the Human Development and Social Inclusion, Sustainable Competitiveness and Regional Integration strategic axes.
These approvals, made after due process by the CABEI Board of Directors, correspond to eight projects that will be developed for the benefit of the population of countries such as Guatemala, Honduras, Costa Rica, Dominican Republic and Argentina.
"As the most important multilateral institution in the region, CABEI continues to support our member countries in programs that guarantee the wellbeing of the population and the construction of a region of opportunities. And for this year we are preliminarily projecting approvals of new operations for up to US$3.3 billion," said Dr. Dante Mossi, CABEI's Executive President.
According to CABEI data, Costa Rica and the Dominican Republic have the highest number of loans approved so far this year, with 39 and 32 percent of the total.
At the same time, CABEI has been making disbursements for previously approved loans, totaling US$1,735.40 million in the first three months of the year. These disbursements are aimed at the continuation and/or completion of various programs and projects in Guatemala, El Salvador, Honduras, Nicaragua, Panama, the Dominican Republic, Argentina and Colombia.
CABEI maintains its financial strength and ample liquidity, which it demonstrates by maintaining the best credit risk in Latin America, with ratings from Standard & Poor's (AA), Moody's (Aa3), and Japan Credit Rating (AA).
