Regional projects accelerate economic and social development in the region

14/10/2017
El BCIE ha fundamentado su actividad en el impulso a iniciativas que permiten un crecimiento económico conducente a la reducción de la pobreza y las desigualdades, la integración regional y la inserción competitiva de los países socios en la economía mundial.
El BCIE ha fundamentado su actividad en el impulso a iniciativas que permiten un crecimiento económico conducente a la reducción de la pobreza y las desigualdades, la integración regional y la inserción competitiva de los países socios en la economí

CABEI channels resources to its member countries to support their efforts in favor of economic integration and the social development of their inhabitants.

Tegucigalpa, October 14, 2017. - The Central American Bank for Economic Integration (CABEI), which is the financial arm of Central American integration, has been developing strategic regional initiatives that address the main sectors prioritized in the regional agendas of the Central American Integration System (SICA), making financial instruments available to its member countries to meet the diverse needs of the sector.

In addition, CABEI’s mission seeks to promote regional integration; this strategic axis enables the Bank to focus its efforts in favor of the integrative process.

CABEI has centered its activity on promoting initiatives that enable economic growth, which leads to a reduction of poverty and inequality, regional integration and the competitive insertion of the Bank's member countries into the global economy.

The CABEI 2015-2019 Institutional Strategy “Integrating Sustainable Development and Competitiveness" provides support to regional priorities, in addition to promoting and implementing regional programs and projects.
High-impact regional initiatives.

In addition to CABEI's contribution to the first phase of the Central American Electric Interconnection System (SIEPAC), in 2016, financing for the Second Circuit of the Central American Electric Interconnection System was approved for US$128.0 million. The financing will be used for the installation of 996.4 km of high voltage lines to be built in the free arm of the existing SIEPAC towers. With the project, SIEPAC's power line network will increase to 2,786.4 km and the energy exchange capacity will increase from 300 MW to 600 MW, benefiting 41 million people.

CABEI supports SICA's efforts to promote initiatives with regional impact, such as the process of formulating the Project to Increase Resilience to Climate Change in the Central American Dry Corridor and Arid Zones of the Dominican Republic. Other noteworthy initiatives include the approval of the Financial Program to Promote Regional Competitiveness and Sustainability for Tourism MSMEs (PROMITUR); the formulation of a Regional MSME Productive Articulation Program; and financial support for economic integration issues of the Customs Union between Guatemala and Honduras and for the negotiation process of the FTA with Korea.

Other regional programs:
Regional Financing Program for Women Entrepreneurs (FEM)
Initiative for the Development of Business Ideas and Acceleration of Central American MSMEs (DINAMICA Initiative)
Regional investment programs
Central American Program for Housing and Sustainable Habitat Development (VIDHAS)
Regional Water and Sanitation Program
Program to Support the Central American Security Strategy (ESCA)
Regional Pilot Program to Attend the Population Affected by Coffee Pests and Promotion of Practices for Sustainable Coffee Production in Central America

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