|Type||Multilateral Development Bank|
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.
CABEI is a multilateral development bank whose mission 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.
CABEI's visionconsists 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 well-being and quality of life of its citizens.
Apart from regional countries, Argentina and Colombia enjoy the capacity of receiving CABEI's loans and guarantees.
CABEI is the development bank for Central America, its strategic partner and the main purveyor of resources: by late 2009, it had approved $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:
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 functioning.
Central America is a region found in the southern tip of North America and is sometimes defined as a subregion of the Americas. This region is bordered by Mexico to the north, Colombia to the southeast, the Caribbean Sea to the east and the Pacific Ocean to the west and south. Central America consists of seven countries: El Salvador, Costa Rica, Belize, Guatemala, Honduras, Nicaragua and Panama. The combined population of Central America is estimated at 44.53 million (2016).
When studying the history of Central America one must first clarify just what Central America is. Today (2019) it is commonly taken to include Guatemala, Belize, El Salvador, Honduras, Nicaragua, Costa Rica, and Panama. This definition matches modern political borders. However, in some senses and at some times Central America begins in Mexico, at the Isthmus of Tehuantepec, and the former country of Yucatán was part of Central America. At the other end, before its independence in 1903 Panama was politically and culturally part of the South American country of Colombia, or its predecessors. At times English-speaking Belize, with a quite different history, has been considered as apart from 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.
Francisco Morazán was a Central American politician who was president of the Federal Republic of Central America from 1830 to 1839. Before he was president of Central America he was the head of state of Honduras. He rose to prominence at the battle of La Trinidad on November 11, 1827. Morazán then dominated the political and military scene of Central America until his execution in 1842.
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 Captaincy General of Guatemala, also known as the Kingdom of Guatemala, was an administrative division of the Spanish Empire, under the viceroyalty of New Spain in Central America, including the present-day nations of Costa Rica, Nicaragua, Honduras, El Salvador, and Guatemala, and the Mexican state of Chiapas. The governor-captain general was also president of the Royal Audiencia of Guatemala, the superior court.
The Nordic Investment Bank (NIB) is an international financial institution founded in the mid-1970s by the five Nordic countries: Denmark (incl. Faroe Islands, Greenland), Finland (incl. Åland Islands), Iceland, Norway and Sweden. In 2005, Estonia, Latvia and Lithuania became members of the Bank. NIB’s headquarters are located in Helsinki, Finland. NIB acquires the funds for its lending by borrowing on the international capital markets.
An international financial institution (IFI) is a financial institution that has been established by more than one country, and hence are subjects of international law. Its owners or shareholders are generally national governments, although other international institutions and other organizations occasionally figure as shareholders. The most prominent IFIs are creations of multiple nations, although some bilateral financial institutions exist and are technically IFIs. The best known IFIs were established after World War II to assist in the reconstruction of Europe and provide mechanisms for international cooperation in managing the global financial system.
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.
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.
The Mesoamerican region is a trans-national economic region in the Americas that is recognized by the OECD and other economic and developmental organizations, comprising the united economies of the seven countries in Central America — Belize, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama — plus nine southeastern states of Mexico — Campeche, Chiapas, Guerrero, Oaxaca, Puebla, Quintana Roo, Tabasco, Veracruz, and Yucatán.
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.
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.
The October 2008 Central America floods were caused by a series of low-pressure areas including Tropical Depression Sixteen, a short-lived tropical cyclone in the 2008 Atlantic hurricane season that made landfall in Honduras. Heavy rainfall began in early October 2008 while a tropical wave passed through the region. On October 14, Tropical Depression Sixteen formed just off the northeast coast of Honduras, and at the same time a low pressure system was on the Pacific coast. Both systems increased rainfall across the region, although the depression dropped heavy rainfall close to its center when it moved ashore on October 15. Although Tropical Depression Sixteen quickly dissipated over land, its remnants persisted for several days. Another low pressure area interacted with a cold front on October 21, adding to the rainfall in the region.
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.
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.
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.