Dr. Dante Mossi presents developments of his 100 days in office
12.03.2019 00:00 By: CABEI News Age: 162 days
CABEI Executive President Dr. Dante Mossi highlighted the work of the multilateral institution in promoting the regional agenda.
Tegucigalpa, March 12, 2019 .- Today during a press meeting, the Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, presented the results of his first 100 days of management, highlighting the work done to consolidate the Bank's financial position, as well as the desire to strengthen existing relationships with strategic partners.
According to President Mossi in the first 100 days of his term, CABEI has continued to consolidate its financial position and relevance by receiving an international AA rating, positioning it as the best risk in Latin America with a high investment grade level.
Subsequently, he pointed out that this improvement results from several factors, including the recent signing of an agreement with the Republic of South Korea as a non-regional member with a US$450 million subscription, as well as the Bank's prudent management.
He also indicated that regarding the financial area, during the last months US$250 million in resources have been raised in international markets, including Uruguay and Switzerland. Likewise, the Bank has made noteworthy contributions such as the strengthening of local markets with the raising of 200 million lempiras from public social security institutes in Honduras in order to serve productive sectors through the Honduran financial system.
Formulating innovative regional integration projects
During visits to the leaders of the regional integration bodies, Dr. Mossi explained about the portfolio of regional programs and initiatives such as the Deep Customs Union, the Master Plan for the Development of the Gulf of Fonseca, SIEPAC and the Central American Housing and Sustainable Habitat Development Program.
In this line, he added that proposals for regional projects that will change the physiognomy of the region are being formulated, including a railroad project, a natural gas project, electro-mobility and resilient highways, among others.
In addition, the Productive Investment Initiative for Adaptation to Climate Change - CAMBio II was approved with resources from the Green Climate Fund, to whom a proposal has been presented to increase the resilience to climate change in the Central American Dry Corridor and the arid zones of the Dominican Republic.
It should be noted that CABEI is a leader in the channeling of financial resources to help countries to better face environmental challenges and improve the resilience of their inhabitants.