Promoting the implementation of financial solutions for the development of the Central American region

Miami, July 12 2019.- The city of Miami, Florida, hosted the fourth edition of the Regional Seminar on Risk Management for the Public Sector: “Financial Solutions for the Central American Region”. The event organized by the Central American Bank for Economic Integration (CABEI) and sponsored by City and Standard Chartered, aims to promote the development of capital markets in the Central American region and the adoption of best international practices.

Experts addressed a variety of issues including the global economic and financial environment, particularly in the Central American region. They further discussed the role of multilateral banks and international institutions in providing financial solutions for CABEI member countries that respond to the needs of the public sector for risk management.

Dante Mossi, Executive President of the CABEI, said during the opening ceremony that "the Central American region presents challenges, but at the same time it offers great opportunities for sustainable development projects, which in turn generates employment opportunities, capital, and economic incentives. That is where we generate a real structural change in the countries of the region. "

"Working together with the governments of CABEI member countries is part of our commitment as a financial arm for the integration and development of the Central American region. It's not just about working together individually, the integration is regional, the changes are regional, and the results are regional, "added Mossi.

For two days, international experts presented success stories of joint work among governments, financial entities and multilateral organizations to generate opportunities and attract foreign investment for the Central American region.

"50% of the funds for the execution of development projects for Central America come from CABEI, making us an extremely relevant actor for Central America’s present and future. These types of meetings allow for the creation of synergies and exchanges of best practices that will certainly become new alliances and development projects for the region, "said Hernán Danery Alvarado, Financial Manager of CABEI.

From 1997 to date, the Bank has made 127 bond issues in 24 currencies and 23 markets for an aggregate amount of USD10,658.5 million, consolidating its presence in the international and local capital markets. In the Central American region, a total of 19 issues have been made for a total dollar amount of USD596.6 million.

CABEI supports the integration and development of the Central American regionAs a multilateral and developmental financial institution, with an international character that is part of the Central American Integration System (SICA), CABEI invests its resources in projects that have a developmental impact. These resources reduce poverty and inequalities, strengthen regional integration and competitive insertion for partners in the world economy, and give special attention to environmental sustainability.