At Presidents' Summit, CABEI reaffirms its commitment to support the region in achieving sustainable and inclusive development
The purpose of the annual meeting is to promote joint agreements between Costa Rica, Panama, and the Dominican Republic.
San Jose, March 21st, 2022.- In a meeting held this Monday with the finance ministers of the Alliance for Development in Democracy, Costa Rica, Panama and the Dominican Republic, the Executive President of the Central American Bank for Economic Integration (CABEI), Dante Mossi, reaffirmed the multilateral's commitment to promote and strengthen initiatives that ensure the sustainable wellbeing of Central Americans.
He mentioned CABEI's innovative mechanisms such as the Regional Public Debt Market, the Infrastructure Fund for the Development of Central America (KorBCIE), and various types of Financial Blending with co-financing from the Republics of Korea, China (Taiwan), the Green Climate Fund, the Adaptation Fund (AF) and the European Union, among others.
"We are very pleased to be part of this important Summit because as the main source of resources in Central America, it is key for CABEI to jointly identify with the authorities how we can support them in meeting their priorities to achieve sustainable and inclusive economic growth, as well as to support this alliance, which is key to the regional integration that the Bank so strongly promotes," said Mossi.
Later, at the Presidents' Summit held in the city of San José, Mossi participated in a meeting with the heads of state of the Dominican Republic, Costa Rica, and Panama, to whom he explained some of the initiatives that CABEI is currently supporting and promoting in line with climate change mitigation, which represent 41% of total approvals.
The "Alliance for the Strengthening of Democratic Institutions" was signed by Costa Rica, Panama, and the Dominican Republic in 2021 during the 76th General Assembly of the United Nations with the aim of addressing areas of common interest and priority for the three countries, as well as strengthening trade, demographic, and cultural ties.
The meeting, held in San José, Costa Rica, was also attended by the executive presidents of the Andean Development Corporation (CAF) and the Inter-American Development Bank (IDB).
