Home > CABEI News                 CABEI strengthens central american food security with a US$ 300 million program San Salvador, El Salvador, June 27, 2008 Before the current international food shortage, CABEI had designed a program that would facilitate successful implementation of the Central American Agriculture Council’s (CAC) “Emergency Plan for Increasing Production of Staple Grains in Central America”. More Information     CABEI strengthen ties with Lombardy Tegucigalpa, Honduras, June 18, 2008 With the goal of strengthening cooperation with governments, autonomous regions, international and regional organizations, the Central American Bank for Economic Integration (CABEI) on June 18 signed an inter-institutional framework agreement with the Lombardy Region of Italy. More Information     CABEI authorizes US$ 3 million for the Chorotega Savings and Credit Cooperative Tegucigalpa, Honduras, June 17, 2008 On June 17, the Central American Bank for Economic Integration (CABEI) made available to the Chorotega Savings and Credit Cooperative, Ltd. of Honduras a Global Credit Line for financing medium and long term work capital and operations. More Information     CABEI, Honduras, and the MCC of the United States commit to expanding Highway CA-5 North Tegucigalpa, Honduras, June 04, 2008 Representatives from the Government of Honduras, the Millennium Challenge Corporation (MCC) of the United States Government, and the Central American Bank for Economic Integration (CABEI) signed a Declaration of Commitment for Co-financing. This declaration commits MCC to provide US$ 87.9 million and CABEI to US$ 130 million for a total of US$ 217.9 million. These funds will be used for the expansion of the Tegucigalpa – Taulabé Highway (beginning and ending in the Comayagua valley). More Information     CABEI placed a successful bond issue in Mexico Tegucigalpa, May 31, 2008 Since mid-last year, international markets have experienced difficult times, amid a sub-prime crisis, increased credit margins, high volatility, and sky-rocketed energy prices adding to the turbulence. Nonetheless, a good credit history sells itself regardless of an adverse environment. With ambitious price guidance, CABEI on May 28th announced its 4th public bond issue of 750 million Mexican Pesos due 2010. More Information     CABEI Executive President Passes Away Tegucigalpa, Honduras, May 30, 2008 With profound sorrow, the Governors, Board of Directors, and Executive Vice President of the Central American Bank for Economic Integration regret to inform that this morning, May 30, 2008, our Executive President, Dr. Harry Brautigam Ortega passed away while returning from official duties. More Information     The EU and CABEI inaugurate the project entitled “Introduction of Drinkable Water in the Punta Jocote Neighborhood”, Department of La Unión El Salvador, May 23, 2008 The European Union (EU) and the Central American Bank for Economic Integration (CABEI) inaugurated the project “Introduction of Drinkable Water in the Punta Jocote Neighborhood” in the municipality of Conchagua, Department of La Unión, El Salvador. More Information     The EU and CABEI inaugurate the Pasaquina Municipal Market in the Department of La Unión El Salvador, May 23, 2008 The European Union (EU) and the Central American Bank for Economic Integration (CABEI) inaugurated the project “Pasaquina Municipal Market” in the Department of La Unión, Republic of El Salvador. More Information     The European Union and CABEI inaugurate a project to improve access routes in Pueblo Nuevo, Department of Estelí, Nicaragua Nicaragua, May 15, 2008 On May 13, 2008 The European Union and the Central American Bank for Economic Integration (CABEI) inaugurated a project in the city of Pueblo Nuevo, Department of Estelí entitled “Improvement of Access Routes in the neighborhoods of Bryon Jiménez, Saúl Tercero, and Rigoberto López Pérez”. The project’s aim is to improve road infrastructure conditions to directly benefit its 3,441 residents. More Information     CABEI increase efficiency of MSME Strategic Ally El Salvador, May 15, 2008 The Central American Bank for Economic Integration (CABEI) approved two “non-reimbursable technical cooperations” for the Banco de Fomento Agropecuario (Bank for Agriculture Promotion) (BFA), a financial institution of the Republic of El Salvador. More Information     Issuing Securities in Lempiras Tegucigalpa, Honduras, May 12, 2008 One of CABEI’s institutional objectives is to strengthen and promote the development, depth, and competitiveness of Central American capital markets. This is to be achieved by issuing short, medium, and long term bonds and by the simultaneous offering of innovative products. More Information     Cooperation on the project entitled “Improvement of Access Routes in the Linda Vista Neighborhood”. Managua, Nicaragua, April 28, 2008 CABEI has the pleasure to announce a donation to the Municipality of Somoto, Department of Madriz, for the amount of US$157,500.00. This donation comes under the framework of the Central American Border Zone Development Program (Spanish acronym ZONAF), an anti-poverty program financed jointly by the European Union and the Central American Bank for Economic Integration (CABEI). This donation will be used to finance a project in Somoto entitled “Improvement of Access Routes in the Linda Vista Neighborhood”. More Information     CABEI holds 48th Assembly of Governors La Romana, Dominican Republic, April 11, 2008 The Board of Governors of the Central American Bank for Economic Integration (CABEI), consisting of high-level representatives from the bank’s 12 member countries, held their annual assembly on the 9th and 10th of April, 2008. Of note at this year’s event was a report on CABEI’s financial statements for 2007. More Information     The Stengthening of Plan Puebla Panama Continues Tegucigalpa, March 24, 2008 The Executive Committee of Plan Puebla Panama (PPP), the highest forum for agreements on strategic lines, gathered on the 13th of March at the Tegucigalpa headquarters of the Central American Bank for Economic Integration (CABEI). More Information     Cooperation on the Project “Drinkable Water Supply for the Town Center of Santo Tomás del Norte, Department of Chinandega, Nicaragua” Managua, Nicaragua, March 24, 2008 CABEI has the pleasure to announce a donation to the Municipality of Santo Tomás del Norte for the amount of US$ 150,900.00. This donation comes under the framework of the Central American Border Zone Development Program (Spanish acronym ZONAF), an anti-poverty program financed jointly by the European Union and the Central American Bank for Economic Integration (CABEI). This donation will be used to finance a Project entitled “Drinkable Water Supply for the Town Center of Santo Tomás del Norte, Department of Chinandega, Nicaragua”. More Information     Promoting Socially Responsible Business (SRB) in Central America Managua, Nicaragua, March 13, 2008 On February 29, 2008 a letter of intent was signed in Managua by the Central American Bank for Economic Integration (CABEI) and a group of Central American organizations devoted to Socially Responsible Business (SRB). The purpose was to define SRB and to begin the implementation of SRB-related programs within the region. More Information     The European Union and CABEI inaugurate a stretch of road from the Valle Nuevo community to the Llano Largo estuary Valle Department, Honduras, March 13, 2008 The EU and CABEI inaugurated a stretch of road from Valle Nuevo to the Llano Largo estuary in the municipality of Alianza. More Information     CABEI seeks to strengthen its strategic allies. Guatemala City, Guatemala, March 12, 2008 The Central American Bank for Economic Integration (CABEI) approved non-reimbursable technical cooperation for the Guatemalan Foundation for Financial Consulting to Development and Social Service Institutions (FAFIDESS). More Information     CABEI and Banco FICOHSA sign an agreement to strengthen Honduran Productive Sectors Tegucigalpa, Honduras, February 21, 2008 Honduran productive sectors will be the beneficiaries of a US$ 21.5 million increase in the global credit line granted to Banco Financiera Comercial Hondureña, S.A. (FICOHSA) by the Central American Bank for Economic Integration (CABEI). More Information     CABEI and Banco Hondureño del Café sign an agreement to strengthen the Productive Sectors of Honduras Tegucigalpa, Honduras, January 24, 2008 The Honduran productive sectors will be the beneficiaries of CABEI´s approval of US$5.0 million to the Banco Hondureño del Café S.A (BANHCAFE) through the opening of a Global Credit Line (GCL). More Information     The Central American Bank for Economic Integration and the Italian Cooperation Agency host an International Conference Guatemala City, Guatemala, December 17, 2007 The Central American Bank for Economic Integration (CABEI), the financial arm of the economic and social development and integration of the Central American countries, and the Italian Cooperation Agency held an international conference focusing on development issues. More Information     Fitch improves the credit rating for long-term CABEI debt Tegucigalpa. Honduras, December 17, 2007 Fitch Ratings Agency announced in New York an upgrade in the credit rating of the Central American Bank for Economic Integration (CABEI) from BBB+ to A– for its long-term debt in foreign currency, with a stable outlook. It also reaffirmed the Bank’s short–term rating of F2. More Information     CABEI makes its first bond placement in Thailand Tegucigalpa. Honduras, December 17, 2007 International financial markets have been characterized by extreme volatility in the past six months. Nonetheless, in spite of turbulent conditions at the global level, on November 30th in Bangkok, Thailand, CABEI placed 10-year bonds amounting to 2,374 million Thai bahts. More Information     Empresas Públicas de Medellín´s First Hydroelectric Plant Outside Colombia. Tegucigalpa/Honduras - Washington D.C. (USA), December 12, 2007 CABEI, the Multilateral Development Bank in the Central American region and CIFI, a strongly capitalized lending institution with a focus in the financing of infrastructure and energy projects, have announced that they have been mandated to arrange up to US$52.1 million debt financing for Hidroecológica del Teribe S.A. to finance its 31.3MW Hydroelectric Project HydroBonyic in the Bocas del Toro Province in Panama. More Information     The ARECA Project “Accelerating Renewable Energy Investment in Central America through CABEI” Tegucigalpa. Honduras, November 27, 2007 CABEI, Central America’s multilateral development and integration bank, the United Nations Development Program (UNDP) and the Global Environment Fund (GEF) today inaugurated the ARECA Project, “Accelerating Renewable Energy Investment in Central America through CABEI.” ARECA is aimed at strengthening CABEI´s catalyzing role in the energy sector by providing financing for small and medium scale renewable energy projects of less than 10 MW to provide electricity to the region’s inhabitants while simultaneously reducing greenhouse gas emissions. More Information     CABEI and Banco Continental sign an agreement to strengthen Honduran productive sectors Tegucigalpa. Honduras, November 07, 2007 Honduran productive sectors will be the beneficiaries of a 5 million dollar global credit line granted to Banco Continental by the Central American Bank for Economic Integration (CABEI). More Information     CABEI to finance Buenaventura Industrial Port Complex Tegucigalpa. Honduras, November 05, 2007 The Central American Bank for Economic Integration (CABEI) approved a credit of US$ 86,948,000, 49.04% of the total value, to Complejo Portuario Industrial de Buenaventura S.A. (CPIBSA), a private company established in Colombia in 2005 for the purpose of port investment, construction, maintenance, administration and operation. Construction is programmed to begin in January 2008 and to be terminated in a maximum of thirty-six months. More Information     Central American Conference on Social Housing “The Mexican Model: a Success Story” Tegucigalpa. Honduras, November 01, 2007 The Central American Bank for Economic Integration (CABEI), with the collaboration of the Mexican Ministry of Finance and Public Credit, held the Central American Conference on Social Housing in Tegucigalpa, Honduras. Its objective was to support the development of the social housing sector with new mechanisms that foster a dynamic and profitable housing sector, as well as providing housing solutions to the region’s countries. More Information     31 Leading Development Finance Institutions Bring Corporate Governance to the Forefront of Their Mission Washington, D.C., October 19, 2007 The leaders of 31 Development Finance Institutions issued today a joint statement that positions corporate governance at the forefront of their sustainable development agenda in emerging markets. More Information     CABEI Grants financing to Consorcio Eólico Amayo S.A. Managua, Nicaragua, October 18, 2007 In order to support the Nicaraguan energy sector, the Central American Bank for Economic Integration (CABEI) granted Consorcio Eólico Amayo, S. A. financing of US$ 71.2 million through a global credit line. More Information     Cooperation for the “Construction of the Access Roads of the Reparto Virgen de Candelaria neighborhood to be executed in the urban area of Chichigalpa, Chinandega Department, Nicaragua. Managua, Nicaragua, October 18, 2007 The Central American Bank for Economic Integration (CABEI), the financial arm of the social and economic development of the Central American countries is pleased to report that it has made a donation of US$177,704.00 to the Chichigalpa City Hall in Chinandega Department, Nicaragua, with a combination of CABEI´s own resources and funds from the European Union. More Information     I Regional Conference on Public–Private Associations for Infrastructure Development “Eliminating Myths and Barriers” Tegucigalpa, Honduras, September 27, 2007 In September, in Tegucigalpa, Honduras, the Central American Bank for Economic Integration (CABEI), with the collaboration of the Puebla Panama Plan, held the I Regional Conference on Public-Private Associations in order to generate a work agenda to promote public-private participation in Central America. More Information     CABEI’s Internal Auditing Department receives international certification Tegucigalpa, Honduras, September 20, 2007 The firm PriceWaterhouse Coopers carried out an external evaluation of the processes and practices of CABEI´s Internal Auditing Department and granted it the highest grade that the Institute of Internal Auditors of the United States has defined for such an evaluation. More Information     CABEI carries out the first Regional Program of “Training in Project Identification, Formulation and Evaluation” Tegucigalpa, Honduras, September 18, 2007 In the framework of the cooperation agreement signed between CABEI and Argentina in March 2006 in Bariloche, Argentina, the Bank is now holding the first Regional Program of “Training in Project Identification, Formulation and Evaluation,” which involves technical and administrative training aimed at improving the analysis, identification, formulation, evaluation and financing of projects to facilitate investment decision making and help manage projects in their different phases. More Information     Progress in the implementation of the Puebla Panama Plan agreements signed at the Campeche Summit Tegucigalpa, Honduras, September 14, 2007 The Central American Bank for Economic Integration (CABBEI), the financial arm of the social - economic development and integration of the Central American countries is pleased to inform the Nicaraguan people that it has approved a donation to the Somoto City Hall in the Department of Madriz, Nicaragua. More Information     CABEI supports the pre-investment studies of the Santo Tomás de Castilla National Port Authority in Guatemala Guatemala, September 13, 2007 Last August 24th a pre-investment support contract for US$1,000,000 (one million dollars) from the CABEI FONTEC fund program was signed between the Santo Tomás de Castilla National Port Authority and the Central American Bank for Economic Integration to carry out preinvestment studies involving the development of the Santo Tomás de Castilla Port over the next 20 years. More Information     CABEI provides financial solutions for the country’s MSME sector Tegucigalpa, Honduras, August 15, 2007 As of this date, the Intibucana Savings and Loan Cooperative has at its disposal US$1.5 million to finance operations in the framework of the Program of Support to the Sector of Micro, Small and Medium Financing and Social Housing. More Information     Cooperation for the Improvement of the Access Routes in the Orlando López neighborhood to be executed in the urban area of the city of Somoto Managua, Nicaragua, August 09, 2007 The Central American Bank for Economic Integration (CABBEI), the financial arm of the social - economic development and integration of the Central American countries is pleased to inform the Nicaraguan people that it has approved a donation to the Somoto City Hall in the Department of Madriz, Nicaragua. More Information     CABEI and Finnvera sign memorandum of understanding Helsinki, Finland, August 09, 2007 The Central American Bank for Economic Integration and Finland’s Export Credit Agency (Finnvera) signed a memorandum of understanding in order to strengthen relations and implement projects with Finnish companies in Central America. More Information