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CABEI continues to make progress in environmental and social risk management

   By: BCIE    News   

At the regional level, CABEI assumes the commitment of promoting responsible banking principles and fostering sustainable finance.
At the regional level, CABEI assumes the commitment of promoting responsible banking principles and fostering sustainable finance.

The CABEI business model seeks to evaluate, improve and promote sustainable development in the region.

Tegucigalpa, May 16, 2019.- The Environmental and Social Sustainability Office of the Central American Bank for Economic Integration (CABEI) implemented a cycle of training workshops to socialize the diagnosis and modifications to the System for Identification, Evaluation and Mitigation of Environmental and Social Risks (SIEMAS) within the framework of International Technical Assistance from the German Government Cooperation Agency (GIZ).

During the training, a presentation was made of the main results of the environmental and social risk management diagnosis carried out at CABEI. In addition, a proposal was made to make adjustments in the evaluation process in order to strengthen the Bank's management and contribute to the sustainable development of the Central American region based on best international practices.

The workshop, which is the second in a series of meetings planned for this month, was addressed to officials working in the sectors and countries division, credit division, operations division, legal affairs office, compliance office and project formulation office.

In his opening remarks, CABEI Executive Vice President, Attorney Alejandro Rodríguez Zamora, informed that the Bank maintains its firm commitment to promote the sustainable development of the region, stating that, "CABEI will continue to strengthen the application of international standards regarding regional environmental, social and climatic matters in all the Bank's operations."