CABEI inaugurates forum for investors and the public sector in El Salvador
By: BCIE News, El Salvador, Inversionistas, Competitividad
The Business Forum aims to implement public and private projects and continue positioning the country's attractiveness for foreign investment.
San Salvador, November 28, 2019.- This morning, the Central American Bank for Economic Integration (CABEI) inaugurated the Business Forum denominated, "Investment, Development and Financing Mechanisms," which was targeted at various public and private actors in El Salvador to promote projects and opportunities for the country's investors.
The event was attended by Salvadoran Presidential Commissioner of Government Operations and Cabinet, Mrs. Carolina Recinos, and CABEI Executive President, Dr. Dante Mossi.
Attracting investment and fostering a positive business climate
During his opening remarks at the event's inauguration, CABEI Executive President, Dr. Dante Mossi, stated that, “It is important for us to work closely with our clients in order to make known the many opportunities offered by the country. Likewise, the public and private sectors have the potential to jointly create significant projects and initiatives, which the Bank is ready to support as the region's strategic ally.”
President Mossi added that “During the last five years, CABEI has financed private sector projects with the objective of complementing the necessary public sector investments aimed at productive infrastructure development in the Central American region; in that sense, the private sector would be effectively contributing to promoting economic growth and the balanced development of the countries of the region.”
CABEI's approach involves continuing to strengthen private sector capacities through the financing of investment initiatives in productive infrastructures under Private Public Partnership (PPP) schemes and private initiatives, which will require capital investments and financing pursuant to the characteristics of each project. In addition, the Bank seeks to promote foreign direct investment (FDI) to the Central American region, acting as a catalyst for resources in its financing structuring processes to the private sector.