CABEI commemorates Labor Day by promoting sustainable competitiveness in the region


As a result of the operations approved by the multilateral in the last three years, more than 380,000 jobs are expected to be generated and preserved in the region.

Tegucigalpa, May 3rd, 2022.- Aware that there is much to be done in the Central American region to eradicate poverty, on May 1 the Central American Bank for Economic Integration (CABEI) commemorated International Labor Day by promoting growth and job creation strategies to boost the economies of its member countries.

This is established in its 2020-2024 Institutional Strategy, specifically in the Sustainable Competitiveness strategic axis, in which the multilateral is committed to financing development initiatives that make it possible to articulate the efforts of companies and the State to generate more decent jobs.

Along these lines, the Bank, through the programs and projects it finances, has succeeded in preserving more than 60 thousand jobs and 320 thousand new jobs in the last three years as a result of the operations approved in different sectors ranging from health, education, water and sanitation, among many others.

"CABEI considers poverty reduction as a priority issue to promote well-being in the region, and therefore the generation of decent employment, since it is from this that families can ensure the sustenance of their households and the coverage of their basic needs. We are very pleased, although it is not enough, to know that thanks to the approvals made between 2019 and 2021, more than 380,000 jobs are expected to be generated and preserved, of which more than 70,000 would be occupied by women," highlighted CABEI Executive President Dr. Dante Mossi.

Given the context of the COVID-19 pandemic, in the last two years CABEI redoubled its efforts to support the work of the private sector and managed, in less than two years through the implementation of its " Financial Sector Support Facility for the Financing of MSMEs", to protect more than 60,000 jobs, of which 6,588 were re-hires of people who had been dismissed at the beginning of the pandemic.

Internally, through the Bank, Central Americans have the opportunity to work and seek opportunities for the wellbeing of their countries. CABEI currently has a total of 392 collaborators in the countries of the region as well as in extra-regional countries, of which it is worth noting that almost 51% are women.