CABEI strengthened and consolidated its position during 2020
Despite the Covid-19 Pandemic and natural disasters, the Central American Bank for Economic Integration established its strategic position in the region
The president of the Central American Bank for Economic Integration (CABEI), Dante Mossi, inaugurated the LXI Board of Governors of the Bank, where he indicated that the year 2020 was not only a pandemic and natural disasters, but “it was also a year in which CABEI strengthened and consolidated its position as the most important strategic partner in the region.”
The event was held in Tegucigalpa in person and virtually. Mossi was accompanied by the President of Honduras, Juan Orlando Hernández, who highlighted his support for the “necessary decisions that governors adopt for the future of our institution.”
Among the achievements obtained in 2020, Mossi outlined the development of “twelve road infrastructure projects, four in water and sanitation and six in energy.” In addition to the implementation of the strategy for the period 2020-2024 that will have “15,000 million dollars for our region and other member countries.”
The president of the financial entity highlighted the bank’s role in the economic reactivation program, which was carried out after an emergency meeting of the Central American Integration System (SICA), where the presidents agreed to keep the borders open for regional trade.
CABEI, through the program, activated resources to meet the emergency plan and face the pandemic in each of the member countries. In addition, with the support of the extra regional, South Korea, it acquired medical equipment and obtained donations that made it possible to lessen the effects of Covid-19 in Central America.
Natural disasters
Mossi also made reference to the natural tragedies Eta and Iota, such as hurricanes and tropical storms that devastated several areas of the member countries, especially Honduras, and the institution designed and executed an emergency plan equivalent to 3,000 million dollars with the purpose to “support micro, small and medium enterprises through a line of credit to central banks in the area.”
The president of CABEI estimates that 89 social infrastructure and technical cooperation projects valued at “3.4 billion dollars” will be completed by the end of next year.
It is important to say that CABEI was founded by Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua. In addition, it has Belize, Panama and the Dominican Republic as non-founding partners and Argentina, Colombia, South Korea, Cuba, Spain, Mexico and Taiwan as external partners.
M. Rodríguez
Source: elsiglo.com
