CABEI promotes strategies to reduce financing costs in the region during the XVIII Regional Conference of the IMF

San José, July 30, 2024.- Ratifying its role as the strategic ally of the region, the Central American Bank for Economic Integration (CABEI) participated in the XVIII Regional Conference on Central America, Panama, and the Dominican Republic, organized by the International Monetary Fund (IMF) in San José, Costa Rica.

During the event, CABEI Executive President, Gisela Sánchez, underlined the institution's commitment to strengthening regional integration and cooperation, promoting sound economic policies, and improving financing and development conditions for countries.

In the panel "The path to investment grade", together with the Minister of Finance and Governor for Costa Rica at CABEI, Nogui Acosta, Sánchez highlighted that CABEI is working to develop regional strategies that strengthen the credit rating of countries, allowing them to access financing under more favorable conditions; as well as the implementation of structural reforms and macroeconomic stability policies, which are essential to strengthen governance and institutionality and increase investor confidence and achieve better financing conditions.

She emphasized that CABEI's actions are designed to improve credibility and certainty for investors, which translates into a better rating of public debt and an increase in the fiscal space of countries, expanding access to markets, reduction in interest rates, and an increase in sources of liquidity, thereby creating a more favorable environment for sustainable economic growth.

The Executive President also highlighted the importance of promoting exports and attracting foreign direct investment as key pillars to foster a favorable business climate and diversify sources of financing, issues in which CABEI has been actively involved through dialogue and coordination with other regional bodies to promote complementary policies that optimize financing conditions.

CABEI is committed to exploring new sustainable tools and frameworks, including the issuance of bonds in local capital markets with the aim of offering innovative and competitive financial solutions. In addition, the Bank supports countries in the formulation and execution of ESG (Environmental, Social, and Governance) projects, promoting sustainable development in the region.

Reaffirming its commitment to be a strategic partner for the countries of the region on their path towards sustainable economic, social, and environmental development, CABEI's participation in the XVIII Regional Conference of the IMF underscores the importance of these platforms as catalysts for regional dialogue and cooperation through collaboration with international institutions and experts.

CABEI is committed to developing joint strategies that not only strengthen the economies of member countries, but also promote sustainable and equitable development.