Tuesday, 15 February 2022 04:53

CABEI came to the Treasury Commission to show progress in financing social programs

Written by Evelyn Alas

The Special Commission of Finance and Budget received representatives of the Central American Bank for Economic Integration (CABEI) to learn about the progress of financing for social programs and infrastructure works of the bank in the country.

Luis Rodríguez, CABEI country director, said that it is important for the institution to show the main projects and impacts in the short, medium and long term. A relevant point has been the bank's participation in the last year, in which they have covered 90% of investments in the country.

According to Rodríguez, CABEI has provided permanent support from the structuring, design of projects, financial analysis and visits to the communities, managing an important fund for the technical studies of each project.

He also said that they involve specialists in environmental, legal and credit areas. Much of what they do has to do with making the project executable and is analyzed in depth.

The project cycle is important for CABEI. The bank is a multilateral institution with a presence in different countries. It has a demand for requests that it sends to the Ministry of Finance.

The deputies of the Treasury Commission received the files of reform to the decree of Creation of the Fund of Special Activities of the Ministry of Housing.