Panama to host the 56th CABEI Board of Governors Meeting

Panama City was selected to host the 56th Ordinary Meeting of the Board of Governors of the Central American Bank for Economic Integration (CABEI), the annual meeting of the multilateral development organization.

The CABEI Board of Governors is the highest authority of the Central American Bank for Economic Integration (CABEI). Each founding member country and each non-regional member country appoints a titular Governor and an alternate Governor, who may be the Minister of Economy, Minister of Finance, Minister of Public Credit, President of the Central Bank, or other appropriate representation pursuant to the internal law of the respective country.

The regional economic meeting will bring together delegates from different countries to develop a work agenda and analyze new financial approaches for dealing with global challenges to the economy. Like CABEI, the delegates are committed to promoting the integration and economic development of the region’s countries.

The meeting will be held on April 28 and 29, 2016 at the Hilton Panama Hotel in Panama City. The opening ceremony will be attended by Panamanian President, Mr. Juan Carlos Varela.

This year the 56th CABEI Board of Governors Meeting will be preceded by a forum on CABEI’s role in regional development and investment opportunities in the Central American countries. The event will be inaugurated by Panama’s Minister of Economy and Finance Mr. Dulcidio De La Guardia and CABEI Executive President Dr. Nick Rischbieth. CABEI specialists, investment professionals, government officials and other Panamanian entities will also participate in the event.

The meeting’s objective is to make investors aware of Central American business opportunities and the competitive advantages offered by CABEI, the largest provider of financial resources aimed at improving the quality of life of Central Americans.

CABEI was created in 1960 as the financial arm for the region’s integration and development. Its resources are continually invested in high-impact development projects. CABEI is headquartered in Tegucigalpa and has offices throughout Central America.

CABEI’s financial soundness is currently demonstrated by four risk credit ratings in the A range, granted by different international risk rating agencies. CABEI’s risk ratings are the following: Standard & Poor's with a rating of A, Moody's with a rating of A1, Fitch Ratings with A, and Japan Credit Rating with AA-.