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CABEI and SDC analyze agenda of strategic issues

02.12.2019 00:00    By: CABEI    News, Centroamérica, Integración Regional    Age: 57 days

On April 11, 2019, the Gulf of Fonseca Master Investment Plan was adopted by the three Presidents of the countries that compose such area.
On April 11, 2019, the Gulf of Fonseca Master Investment Plan was adopted by the three Presidents of the countries that compose such area.

The entities shared initiatives to foster closer cooperation for the benefit of the region, prioritizing the Gulf of Fonseca area.

Tegucigalpa, December 2, 2019.- Representatives of the Central American Bank for Economic Integration (CABEI) and the Swiss Agency for Development and Cooperation (SDC) held a meeting to analyze joint actions within the framework of the Trinational Master Plan for Investment and Economic Development Projects in the Gulf of Fonseca.

Within this framework, the link between the SDC Resilient Gulf Project and the Gulf of Fonseca Master Investment Plan was discussed by means of the implementation of actions related to protecting marine and coastal resources (including mangroves and standardization of regulations for fishing and nearby seasons) in order to develop the capacities of coastal communities to resist to climate change.

At the meeting, CABEI announced that the structuring of a trinational fund for the Gulf of Fonseca is underway; this will allow financing the formulation of projects and implementation of strategic activities that contribute to the implementation of the Master Plan. The fund would have contributions from CABEI and is open to potential contributions from external cooperation sources.

Within the framework of the Gulf of Fonseca Master Plan, the Bank prioritized 8 strategic projects or initiatives, including a logistics and industrial corridor, economic development zones in the 3 countries, a trinational ferry, a logistics center and modernization of the Amatillo Border Crossing, a tourism corridor plan in the Gulf of Fonseca and the creation of a trinational institutional entity for the implementation of a Master Investment Plan. In addition, 7 program proposals have been developed in such sectors as fisheries and aquaculture, sustainable tourism, agriculture and logistics, among other sectors.