To support sustainable economic and social development in Honduras, CABEI approved US$485 million for the country in 2022
• They highlight the energy sector and mitigation of the effects of fuel price increases as the main operations benefiting the Honduran population.
Tegucigalpa, January 16th, 2023.- In order to generate growth opportunities and support the sustainable development of its founding partner country Honduras, the Central American Bank for Economic Integration (CABEI) approved a total of US$485 million during 2022 to promote operations benefiting more than 9 million Hondurans.
In line with the priorities of the Government of the Republic of Honduras, two operations were approved for the country's public sector. One for US$250 million, aimed at laying the groundwork and advancing in the medium and long term in the financial reorganization of the electricity sector by reducing losses, contributing to greater efficiency, sustainability and quality, as well as expanding coverage and resilience to climate change; and another for US$220 million to recognize the efforts made by the authorities to mitigate the effects on the Honduran population of the global rise in fuel prices.
"As the region's main source of financing, we have supported our founding partner country Honduras with solutions that have had a positive impact on people's quality of life, which reaffirms our commitment to sustainable development and the human development focus of our operations," said CABEI Executive President Dr. Dante Mossi.
Approvals to the private sector through allied financial institutions totaled US$15.0 million, increasing the amount of the Global Credit Line and the availability of loans to micro, small and medium-size enterprises (MSMEs) for their economic reactivation.
As a bridge of opportunities for Honduras, CABEI also approved various non-reimbursable technical cooperation projects for an additional US$1.49 million, focused on improving the living conditions and opportunities of the population and supporting the energy sector, health, water and sanitation, flood risk management, among others, and US$1 million aimed at developing emergency aid in the capital and the rest of the country in the event of natural disasters during the year.