For the benefit of more than 25 million Argentines, CABEI backs modernization and strengthening of registry of persons and migration services

Buenos Aires, November 1^st 2022 - The Central American Bank for Economic Integration (CABEI) approved US$25.0 million for the development of the "Technological Strengthening Program for the National Registry of Persons and the National Directorate of Migration" for the benefit of more than 25 million people, contributing to the modernization and strengthening of the security and response capacity of Argentina's registry of persons and migration services.

The initiative seeks to reduce waiting times, provide information technologies for the capture of vital statistics and strengthen capacities for the protection of personal data, all of which are necessary to improve the quality of the information needed to maximize the impact of public policies, among other positive results.

"We are accompanying the Republic of Argentina in this new challenge, such as the transition to digitalization, which offers great benefits to citizens and authorities alike. The modernization and reinforcement of each country's systems is fundamental to strengthen competitiveness and reduce potential vulnerabilities," highlighted CABEI Executive President, Dr. Dante Mossi.

For his part, Felipe Solá, CABEI Director for Argentina, commented: "The modernization of the National Registry of Persons will give dignity to those who need to have their identity up to date and increase the capacity to serve many more people without them having to wait for what is an inalienable right. At the same time, the National Migration Directorate will increase its capacity in such a way as to eliminate, for example, the endless lines at border posts."

The financing terms are established for a 20-year term, including a five-year grace period and an indicative annual interest rate of 5.7%.