Central American Bank for Economic Integration

Last updated
Formation1960;59 years ago (1960)
Type Multilateral Development Bank
Legal statusTreaty
Headquarters Tegucigalpa, Honduras
Membership
14 countries
Key people
Website www.bcie.org/en/

The Central American Bank for Economic Integration - CABEI (BCIE in spanish) was founded in 1960. Is an international multilateral development financial institution. Its resources are invested in projects that foster development to reduce poverty and inequality; strengthen regional integration and the competitive insertion of its member countries in the global economy; providing special attention to environmental sustainability. Its headquarters are in Tegucigalpa(Honduras) and has regional offices in Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama.

Tegucigalpa City in Francisco Morazán, Honduras

Tegucigalpa, colloquially referred to as Téguz, is the capital and largest city of Honduras along with its twin sister, Comayagüela.

Guatemala Republic in Central America

Guatemala, officially the Republic of Guatemala, is a country in Central America bordered by Mexico to the north and west, Belize and the Caribbean to the northeast, Honduras to the east, El Salvador to the southeast and the Pacific Ocean to the south. With an estimated population of around 16.6 million, it is the most populated country in Central America. Guatemala is a representative democracy; its capital and largest city is Nueva Guatemala de la Asunción, also known as Guatemala City.

Honduras republic in Central America

Honduras, officially the Republic of Honduras, is a country in Central America. In the past, it was sometimes referred to as "Spanish Honduras" to differentiate it from British Honduras, which later became modern-day Belize. The republic of Honduras is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea.

Contents

Mission

CABEI is a multilateral development bank (MDB) whose mission [2] is to promote the economic integration and the balanced economic and social development of the Central American region, which includes the founding countries and the non-founding regional countries, attending and aligning itself with the interests of all of its member countries.

Vision

CABEI's vision [2] consists of being the strategic ally of its member countries in the provision of financial solutions that contribute to the creation of employment and improvement of the wellbeing and quality of life of its citizens.

Members

Panama A Republic in Central America

Panama, officially the Republic of Panama, is a country in Central America, bordered by Costa Rica to the west, Colombia to the southeast, the Caribbean Sea to the north, and the Pacific Ocean to the south. The capital and largest city is Panama City, whose metropolitan area is home to nearly half the country's 4 million people.

Dominican Republic country in the Caribbean

The Dominican Republic is a country located in the island of Hispaniola, in the Greater Antilles archipelago of the Caribbean region. It occupies the eastern five-eighths of the island, which it shares with the nation of Haiti, making Hispaniola one of two Caribbean islands, along with Saint Martin, that are shared by two sovereign states. The Dominican Republic is the second-largest Caribbean nation by area at 48,671 square kilometers (18,792 sq mi), and third by population with approximately 10 million people, of which approximately three million live in the metropolitan area of Santo Domingo, the capital city.

Central American Integration System economic and political organization of Central American states

The Central American Integration System has been the economic and political organization of Central American states since February 1, 1993. On December 13, 1991, the ODECA countries signed the Protocol of Tegucigalpa, extending earlier cooperation for regional peace, political freedom, democracy and economic development. SICA's General Secretariat is in El Salvador.

Apart from regional countries, Argentina and Colombia enjoy the capacity of receiving CABEI's loans and guarantees.

Functions

CABEI is the development bank for Central America, its strategic partner and the main purveyor of resources: by late 2009, it had approved [4] $14,603.3 million since its inception for the development of the region

As a regional financing institution, CABEI supports both public and private sectors and specializes in raising and channeling external money to promote investment in its action areas, which are:

Structure

CABEI's maximum authority is the Governors' Assembly, integrated by Ministers of Economy and central bank Governors of member countries.

Besides, CABEI's Founding Covenant includes other authorities: Directory, as the organ responsible for the Bank's direction; President, elected by the Governors' Assembly; Vice president, elected by the Directory; and other officials deemed necessary for the institution's correct functioning.

See also

CAF – Development Bank of Latin America

The Corporacion Andina de Fomento (CAF) – Banco de Desarrollo de América Latina, is a development bank that has a mission of stimulating sustainable development and regional integration by financing projects in the public and private sectors in Latin America, and providing technical cooperation and other specialized services. Founded in 1970 and currently with 18 member countries from Latin America, the Caribbean, and Europe along with 14 private banks, CAF is one of the main sources of multilateral financing and an important generator of knowledge for the region.

Inter-American Development Bank international organization

The Inter-American Development Bank is the largest source of development financing for Latin America and the Caribbean. Established in 1959, the IDB supports Latin American and Caribbean economic development, social development and regional integration by lending to governments and government agencies, including State corporations.

Related Research Articles

Honduras was already occupied by many indigenous peoples when the Spanish arrived in the 16th century. The western-central part of Honduras was inhabited by the Lencas, the central north coast by the Tol, the area east and west of Trujillo by the Pech, the Maya and Sumo. These autonomous groups maintained commercial relationships with each other and with other populations as distant as Panama and Mexico.

History of Central America aspect of history

The history of Central America is the study of the region known as Central America.

Federal Republic of Central America former nation in Central America

The Federal Republic of Central America, also called the United Provinces of Central America in its first year of creation, was a sovereign state in Central America consisting of the territories of the former Captaincy General of Guatemala of New Spain. It existed from 1823 to 1841, and was a republican democracy.

Central American Parliament international parliament

The Central American Parliament, also known as PARLACEN, is the political institution and parliamentary body of the Central American Integration System (SICA). Its headquarters are in Guatemala City.

The 2004 UNCAF Interclub Cup was the 22nd edition of the Central American Club Championship and the 6th edition under its current name, UNCAF Interclub Cup. C.S.D. Municipal from Guatemala, lifted its 4th title.

Diego Vigil Cocaña was a Central American politician. He was the last president of the Federal Republic of Central America (1839–40), during its disintegration. He was also chief of state of the federal states of Honduras (1829) and El Salvador.

The Central America bioregion is a biogeographic region comprising southern Mexico and Central America.

Harry Brautigam Nicaraguan economist

Harry Brautigam was a Nicaraguan economist, banker and academic.

The Multilateral Investment Fund (MIF) is an independent fund administered by the Inter-American Development Bank (IDB), created in 1993 to support private sector development in Latin America and the Caribbean. In partnership with business organizations, governments, and non-governmental organizations (NGOs), MIF's stated goal is to provide technical assistance and investments to support micro and small business growth, build worker skills, and to improve markets and access to finance.

2009 UNCAF Nations Cup

The UNCAF Nations Cup 2009 was the tenth edition of the UNCAF Nations Cup, the biennial football (soccer) tournament for the CONCACAF-affiliated national teams of Central America. The first five places qualified for the 2009 CONCACAF Gold Cup. The event was going to take place in Panama City, Panama between January 22 and February 1, 2009, but the Panamanian FA announced that they would not host the event due to not having an adequate stadium available for the time period of the tournament. The alternative hosts were Honduras and Guatemala. Honduras submitted an official replacement bid on November 12, and after some consideration it was moved to Honduras. All games were played in Estadio Tiburcio Carías Andino in Tegucigalpa. The tournament was sponsored by Digicel. On 1 February 2009 Panama won the tournament, the first UNCAF Nations Cup win in the country's history.

Index of Central America-related articles

This is an Index of Central America-related articles. This index defines Central America as the seven nations of Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama.

Telanthophora genus of plants

Telanthophora is a genus of Mesoamerican plants in the groundsel tribe within the daisy family.

  1. Telanthophora arborescens(Steetz) H.Rob. & Brettell - Panamá, El Salvador, Costa Rica, Oaxaca, Veracruz
  2. Telanthophora bartlettiiH.Rob. & Brettell - Belize
  3. Telanthophora cobanensis(J.M.Coult.) H.Rob. & Brettell - Oaxaca, Chiapas, Guatemala, Belize, El Salvador, Honduras, Nicaragua
  4. Telanthophora grandifolia(Less.) H.Rob. & Brettell - Veracruz, Oaxaca, Chiapas, Guatemala, Belize, El Salvador, Honduras, Nicaragua, Costa Rica, Panamá
  5. Telanthophora serraquitchensis(Greenm.) H.Rob. & Brettell - Chiapas, El Salvador

The 2010 Central American and Caribbean Games Preliminary Round was a preliminary round contested by some CONCACAF teams that determined the qualified teams to the 2010 Central American and Caribbean Games. Six teams were drawn into 3 matchups that were contested in a two-legged tie. The first leg of each of the Preliminary Round matchups was played on March 21, 2010, and the second leg was played on March 27–28. Costa Rica did not participate in the first part, being the strongest team, they got an automatic spot into an extra playoff series against the best losing team of the two-legged series. Nicaragua, having the best result, played against Costa Rica. All 7 Central American associations took part of the qualifying process.

The Men's Association football competition at the 2001 Central American Games took place from 22 November to 2 December at the Estadio Mateo Flores in Guatemala City. This was the seventh Football edition since 1973.

Economy of Central America

The economy of Central America is the eleventh-largest economy in Latin America, behind Brazil, Mexico, Argentina, Chile and Colombia, According to the World Bank, the nominal GDP of Central America reached 204 billion US dollar in 2010, as recovery from the crisis of 2009, where gross domestic product (GDP) suffered a decline to 3.8%. The major economic income are the agriculture and tourism, although the industrial sector is in strong growth, mainly in Panama.

This is a list of the Honduras national football team results from 2000 to 2009.

The 2006 UNCAF U-16 Tournament was the 1st UNCAF U-16 Tournament, a biennial international football tournament contested by men's under-16 national teams. Organized by UNCAF, the tournament took place in Nicaragua between 13 and 18 February 2006.

Dante Mossi Reyes is a Honduran economist, international civil servant and diplomat, who has since 1 December 2018, served as the Executive President of the Central American Bank for Economic Integration (CABEI). Prior to this chief executive role, he worked at the World Bank for many years in a variety of senior roles.

References

  1. ""Senior Management". Banco Centroamericano de Integración Económica - BCIE".
  2. 1 2 CABEI. "Institutional Information". Central American Bank for Economic Integration. Retrieved 31 March 2017.
  3. CABEI. "Belize". Central American Bank for Economic Integration. CABEI. Retrieved 31 March 2017.
  4. Rodas-Martini, Pablo; et al. (December 2010). Contribución del BCIE al Desarrollo de Centroamérica: 50 Años de Historia (PDF). Tegucigalpa, Honduras: CABEI. p. 20. ISBN   978-99926-665-6-2 . Retrieved 31 March 2017.