CABEI promotes an integrated Central America and sustainable development goals

CABEI promotes an integrated Central America and sustainable development goals

CABEI promotes an integrated Central America and sustainable development goals

In order to present its role and relevance in the region, the Central American Bank for Economic Integration (CABEI) participated in the I Dialogue of the Central American Integration System denominated, “The Future of Central America: The Region We Want.”

Since its creation, CABEI has disbursed more than US$28.8 billion to the Central America region.

Through the conference entitled, “Development challenges of Central America from a financial standpoint,” the Bank had the opportunity to present to the actors of the Central American Integration System (SICA) the following key financial aspects for the development of the Central American region:

  • Economic, financial and fiscal policies that favour a gradual strengthening of public finances and the improvement of the risk ratings assigned to the governments of the area.
  • Ensure access to local and international financing mechanisms and sources aimed at financing strategic operations of the public and private sector.
  • Develop a solid financial system and a regulatory framework based on risks and application of best practices, which allows anticipating and mitigating possible local financial crises and reducing the effects of external financial crises.
  • Proactivity in the development of new financing figures and means of payment through Fintech, which allow greater financial inclusion and economic development of economic actors who have not been able to access financing through traditional banking systems.
CABEI urges the Central America region to work to reaffirm a common market, increase competitiveness and move towards investments that promote regional integration and climate change prevention.
CABEI urges the region to work to reaffirm a common market, increase competitiveness and move towards investments that promote regional integration and climate change prevention.

Constant support to the region

Since its creation, CABEI has disbursed more than US$28.8 billion to the Central American region; more than 53 percent of such disbursements have been made over the past 10 years.

Currently, CABEI executes 22 regional programs linked to sector priorities, among them: Electric Interconnection program, which includes SIEPAC I and II; Central American Social Housing Development Program; and the International Highway Network, among others.

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Post source : Central American Bank for Economic Integration

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