CABEI presents investment opportunities in the región to diplomatic corps accredited in Honduras
News, Honduras, Regional, Alianzas Estratégicas
The meeting, which was held at CABEI, sought to establish a framework of cooperation and knowledge on the process of incorporating members.
Tegucigalpa, July 2, 2019.- Today, the workshop denominated, "CABEI, the Central American Region and its Strategic Allies," was offered by the Central American Bank for Economic Integration (CABEI) to publicize and promote investment opportunities in the region in order to attract new partners and capital. The workshop was aimed at the Ministry of Foreign Affairs and International Cooperation and the Government of Honduras.
The main objective was to raise the awareness of the participants, which included ambassadors, members of the diplomatic corps, cooperators and multilateral entities, on investment opportunities by means of CABEI and on generating a cooperation consensus to promote projects and initiatives from the region to different markets in order to seek new partners and capital for the region.
The inauguration ceremony was attended by the President of Honduras, Juan Orlando Hernández; Chancellor of Honduras, Ambassador María Dolores Agüero Lara and; CABEI Executive President, Dr. Dante Mossi.
During his welcoming remarks, Dr. Dante Mossi, stated that, "CABEI supports its member countries to streamline the region's investment , development and inclusion opportunities." He also referred to the investment process of partners to seek new capital for the region and continue improving the living conditions of Central Americans.
New members allow attracting and channeling external resources to the region
Regarding this issue, CABEI Financial Manager, Hernán Danery Alvarado, stressed that the task is to provide value and opportunities that the region features in various fields such as renewable energy, infrastructure, tourism and agri-food products. All areas in which the region has opportunities and in which CABEI is working to attract new partners and investors.
Within the framework of the presentation denominated, "Process of Incorporation of New Members and Conditions-South Korea Case," he explained that this incorporation took place after the modifications made to the Bank's Constitutive Agreement in June 2016, which have led to the incorporation of new members with high credit ratings.
The new member's entry will enable CABEI to consolidate itself as the strategic ally of the Central American region and to further strengthen its financial profile. With this process, capitalization funds will be captured in order to maintain the Bank as the main provider of financial resources to the region.
In addition, the capital increase, which is an indisputable sign of the support that this new member country provides to the bank, is extremely important because capital increases represent one of the most evaluated and monitored factors by financial markets and risk rating agencies.
With this capitalization, it will be possible to materialize new short term improvements in the Bank's credit ratings for the benefit of its member countries. Likewise, it will consolidate CABEI as the most important source of funds for the Central American region.