Santo Domingo, June 8th, 2023 - In support of the productive sectors in their economic reactivation and in strengthening their working capital, the Central American Bank for Economic Integration (CABEI) recently disbursed US$2.0 million to its strategic ally Banco de Desarrollo y Exportaciones (BANDEX), funds that will be channeled through Banco de Ahorro y Crédito FONDESA, S.A. (BANFONDESA). ...
Tegucigalpa September 1, 2020.- The Board of Directors of the Central American Bank for Economic Integration (CABEI) approved the creation of a Guarantee Fund as a complementary financial instrument for credit risk coverage to implement the Financial Sector Support Facility for the Financing of MSMES affected by the COVID-19 crisis. Dr. Dante Mossi, CABEI’s Executive President, expressed his ...
Tegucigalpa, October 30, 2019.- Today, the Central American Bank for Economic Integration (CABEI) approved an increase in the global credit line of Banco Internacional de Costa Rica, S.A. (BICSA) of the Republic of Panama for an amount of up to US$34 million to finance projects under any of the CABEI financial intermediation programs; with the increase, the line reaches an amount of US$92 million. ...
San Salvador, September 2022. In order to contribute to the promotion of innovation, entrepreneurship and participate in socioeconomic development and poverty reduction, the Central American Bank for Economic Integration (CABEI), the European Union (EU) and the government of Germany, through KfW, consolidated an important support of US$9,539,171.30 in loans to 175 Salvadoran MSMEs, which ...
Tegucigalpa, June 27th, 2022.- 99% of the nearly 1.6 million companies operating in the region are MSMEs; 83% micro and 16% small and medium enterprises. This important sector represents more than 65% of the economically active population and are the main employment generation source in the region, according to the Economic Impact Report on the COVID-19 pandemic effect on MSMEs in Central America ...
Managua, 9 March 9th, 2021.- The Central American Bank for Economic Integration (CABEI) continues to support the financial sustainability of Nicaraguan MIPYMEs affected by COVID-19. Since the implementation of the Financial Sector Support Facility for financing MIPYMEs to date, the Bank has placed a total of US$48.5 million in intermediary financial institutions. In 2020, intermediary financial ...
Managua, November 18, 2021.- As part of its efforts to support micro, medium, and small enterprises (MSMEs) in Nicaragua's production and livestock sectors, the Central American Bank for Economic Integration (CABEI) approved a US$100,000 line of credit to the Caja Rural Regional R.L. Savings and Loan Cooperative (Cooperativa de Ahorro y Crédito Caja Rural Regional R.L., or COOCARUR). (COOCARUR). ...
Tegucigalpa, June 03, 2022.- The Central American Bank for Economic Integration (CABEI) approved an interest rate adjustment mechanism that will allow it to place funds, through its Intermediary Financial Institutions (IFIS) network, at concessionary costs, enabling it to reach final beneficiaries with preferential, accessible and competitive financial conditions. With this initiative, CABEI seeks ...
Santo Domingo, December 14, 2020.- The Central American Bank for Economic Integration (CABEI) approved a Global Credit Line to Banco Nacional de las Exportaciones, S.A. (Bandex) of the Dominican Republic for an amount of up to US$30.0 million with the objective of supporting the reactivation of the productive sectors and foreign trade through financial intermediation. Regarding this initiative, ...
Taipei, August 1st, 2022.- In order to support the region's countries in their economic recovery from the effects of the COVID-19 pandemic, the Central American Bank for Economic Integration (CABEI) and the Ministry of Foreign Affairs (MOFA) of the Republic of China (Taiwan) signed an agreement for the implementation of a regional program focused on supporting women's entrepreneurship and ...