The initiative seeks to strengthen ALA/CFT processes in the region in preparation for the fifth round of Mutual Evaluations by GAFILAT of 18 countries, 11 of which are CABEI members, and to avoid the possibility of being placed on restriction lists, which has a direct impact on economies and international trade relations.

The program was launched in Panama City during the 47th Meeting of Working Groups and Plenary of Representatives of GAFILAT, with the presence of its President Pro-Tempore, Jorge Chediak and its Executive Secretary, Esteban Fullin; and CABEI's Credit, Integrity and Compliance (OFIC) and Representation in Panama, Randall Chang, Rennie Valladares Alcerro and Carlos Moreno, respectively.

Also in attendance were National Coordinators before GAFILAT from the Republic of Panama, Honduras, El Salvador, Costa Rica and Guatemala.

In its participation, CABEI presented all the projects that have been included in the program and thanked GAFILAT and the countries for the trust placed in the Bank, which has allowed it to take action to support initiatives such as this one.

The President Pro-Tempore of GAFILAT, Mr. Jorge Chediak, in his intervention highlighted:

"GAFILAT and CABEI not only have members in common, but also have similar objectives within the framework of a highly integrated region, which is why working together in a joint and coordinated manner is more than a choice, it is a real obligation”.

This important alliance is aligned with CABEI's Institutional Strategy 2020-2024, in its Regional Integration axis, which seeks to promote regional initiatives in specific sectors, financing and the promotion of the region as an integrated market.

Translated by: A.M