San Salvador, September 8th, 2023 .- With the objective of improving business services and strengthening the technical capacities of MSMEs, the Asociación Agencia de Desarrollo Económico Local del Departamento de la Unión, ADEL La Unión, and the Central American Bank for Economic Integration (CABEI) through the DINAMICA II Initiative, with the support of the European Union and the Government of ...
Guatemala City, August 1st, 2023.- To promote regional competitiveness and foster job creation, the Central American Bank for Economic Integration (CABEI) and the Ficohsa Financial Group in Guatemala signed a US$15 million credit line. The alliance between the two institutions will make it possible to channel resources to companies engaged in foreign trade activities, thus facilitating the import ...
Tegucigalpa, May 6th, 2023. The Central American Bank for Economic Integration (CABEI) deeply mourns today the death of ALEJANDRO JOSE RODRIGUEZ ZAMORA (RIP). The renowned professional had worked at CABEI for more than 25 years, his last position being that of the Bank’s Executive Vice President for more than 9 years. As the Bank's Executive Vice President, he worked arduously for the ...
Component #1 "Conserve and Produce for Life" would involve actual physical activities and local direct investments. Component #2 "Good Governance" would mainly involve strengthening regional and local environmental authorities, including the Indigenous Territories Governments (GTI), and facilitating dialogue mechanisms to improve the business climate for sustainable investment by the private ...
During August and September 2023, an Informed Consultation and Participation process was developed in the influence area of the Bio-CLIMA Project, aimed at the Project's socialization, emphasizing the Project's components and its environmental and social safeguards instruments. The events’ results motivated the update of the Environmental and Social Management Framework (ESMF) and its instruments. ...
Project Funding Funding Source Funding Type Amount in US$ Green Climate Fund (GCF) Loan Grant $ 37,954,962.00 $ 26,139,067.00 Central American Bank for Economic Integration (CABEI) Loan $ 44,265,979.00 Global Environment Facility (GEF) Grant $ 8,282,213.00 --------- Total Amount: $ 116,642,221.00
The "Environmental and Social" and "Disclosure" Policies of the Green Climate Fund and CABEI establish the obligation to disclose the documents regarding the environmental and social safeguards of the Project by CABEI, the Accredited Entity, and MARENA, the Executing Agency, by the available means, promoting the permanent participation of interested parties. GCF Environmental and Social Policy GCF ...
Bio-CLIMA Project: Integrated Climate Action to Reduce Deforestation and Strengthen Resilience in Bosawás and Río San Juan Biosphere. The Bio-CLIMA Project: "Integrated climate action to reduce deforestation and strengthen resilience in the Bosawás and Río San Juan Biospheres,” aims to support the Caribbean Region of Nicaragua in the transition of an economic development model based on the ...
Honduras – May 8, 2023 Central American Bank for Economic Integration (“CABEI”) announced today that, after June 30, 2023, Term SOFR will be the replacement reference rate for certain outstanding floating debt securities issued by CABEI under its $10 billion Medium-Term Note Program that use U.S. dollar LIBOR as the reference rate and are governed by New York law. In accordance with the fallback ...