CABEI expects to approve operations for US$3.3 billion by 2023


Tegucigalpa, November 30, 2022.- On the occasion of its monthly Board of Directors meeting, this Tuesday, the Central American Bank for Economic Integration (CABEI) approved several issues of interest to the multilateral, including its 2023-2024 Operational Plan and its 2023 General Budget.

These instruments will allow CABEI to operationalize the proposals of the 2020-2024 Institutional Strategy and thus continue to be the benchmark for sustainable development and economic integration in Central America. The risks and challenges facing Central America continue to evolve, and the challenge posed by post-pandemic recovery and environmental vulnerabilities is now compounded by a more complex economic environment that is reflected in higher living costs and growth restrictions.

For this reason, CABEI is redoubling its efforts to continue financing high-priority, high-impact projects, seeking financing schemes at the lowest possible cost.

CABEI's Executive President, Dr. Dante Mossi, indicated that "The Operational Plan is a strategic guide that will allow CABEI to advance in the achievement of major regional objectives and favor infrastructure projects that generate deeper integration."

By 2023, CABEI's Operational Plan contemplates the approval of new operations for US$3.3 billion, aimed at the public and private sectors. Likewise, disbursements in the order of USD2,050.2 million, a figure that will allow for a loan portfolio growth of approximately 11.6%.

The Plan is accompanied by a General Budget, which for 2023 amounts to USD141.5 million, which will allow CABEI to continue its institutional transformation process towards a more modern Bank that is closer to its members, while at the same time carrying out the necessary activities to meet the region's financing needs in a timely manner, maintaining the efficiency standards that characterize it.

The approved Plan reflects CABEI's commitment to the region's inhabitants, to offer solutions in all areas, promote financial inclusion and lead the energy transformation and positive social impact.