Central American Bank for Economic Integration

The Central American Bank for Economic Integration (CABEI) was founded in 1960. It is an international institution aimed at promoting integration and development among its founding countries: Guatemala, Honduras, El Salvador, Nicaragua and Costa Rica. It has currently two headquarters, one in Tegucigalpa (Honduras) and another one in San Salvador (El Salvador). Besides it has national offices in every country of Central America.

On December 13, 1960, what is today known as Central American economic integration materializes and begins. This year the General Treaty on Central America Economic Integration was signed. The creation of CABEI was a result of this Treaty.

CABEI is a multilateral development bank (MDB) whose mission is promoting economic integration and balanced social and economic development of Central American countries, which include founding and non-founding countries.

CABEI's vision consists of being the strategic partner for providing financial solutions that contribute to the creation of employment and to the improvement of the well-being of the people inhabiting Central America.

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 millon 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 channelling 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 correct functioning.

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