CABEI Executive President's visit to Guatemala concludes with identification of new development opportunities


Electromobility, education, rail transport and public-private partnerships (PPPs) are some of the initiatives prioritized by the Guatemalan government and which will be promoted with CABEI support to improve the inhabitants' quality of life.

Guatemala City, August 9, 2021.- The Executive President of the Central American Bank for Economic Integration (CABEI) made an official visit to Guatemala to meet with the President of the Republic, Alejandro Giammattei, and senior authorities from different ministries, in order to learn about the progress of projects under execution and identify investment opportunities for the development of greater social and productive infrastructure.

The Public Finance Ministry and CABEI explored opportunities in projects with high social profitability, such as social housing, health, education, security and justice. In addition, they analyzed fundraising opportunities for Public-Private Partnership initiatives and the development of pre-investment studies.

he CABEI delegation also met with authorities from the Ministry of Education to identify lines of work related to Youth Employment and Entrepreneurship, as part of Component 8 of CABEI's Emergency COVID-19 Support and Preparedness and Economic Reactivation Program which seeks to develop basic labor and entrepreneurial skills for young people, increase their opportunities and reduce their risk factors.

"I am very pleased with the results of this visit, as together with the Guatemalan government we identified priority investment initiatives to promote the development of Guatemalans. The modernization of infrastructure to improve urban mobility and logistics and the strengthening of public-private alliances are key to increasing the country's competitiveness levels and investing in education and employment are determining factors that will help reactivate the family economy and ensure the equitable and inclusive labor insertion of many young people," said CABEI Executive President, Dr. Dante Mossi, at the end of the official tour.

President Mossi also visited Guatemalan Railways (FEGUA as per its Spanish initials) to learn about the progress and challenges in train management in the country, as well as the level of progress of the pre-feasibility studies for the freight rail project, financed with support from CABEI and its extra-regional partner, the Republic of Korea. At the meeting, CABEI confirmed its support in providing technical cooperation resources to contribute to the pre-feasibility studies for the construction of one of the railroad bridges.

CABEI and the Ministry of Energy and Mines (MEM as per the Spanish acronym) jointly identified opportunities to improve the electricity transmission infrastructure and undertake new projects to enable electromobility in Guatemala as an efficient technological alternative in transportation systems.