CABEICentral American Bank for Economic Integration (Costa Rica)
CABEICentral American Bank of Economic Integration
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Nick Rischbieth, President of CABEI stated: "We're pleased to support this project, which demonstrates the institution's capability to deliver resources that support Honduras's National Energy Strategy while bringing competitively priced clean electricity to the market.
CABEI is expanding its coverage area to also include the Dominican Republic, which along with Central America forms part of the CAFTA trade bloc with the United States.
CABEI was established under a 'Constitutive Agreement' signed by founding members, which confers on the bank the status of a supranational institution and grants CABEI several immunities and privileges, including preferred creditor status.
As CABEI is the main provider of long-term funding the region, Fitch considers that its shareholders have a vested interest in supporting it, should it run into difficulties.
Senior Loan participants include CABEI, FMO, the Danish Export Credit Agency (EKF) and the Belgian Investment Company for Developing Countries (BIO).
Nick Rischbieth respective CEO's from BI Bancolombia and CABEI, in a joint statement.
Schneider, President of CABEI participated in today's signing.
00), currency of the United States of America, to finance or carry out operations enmaquen programs of financial intermediation CABEI for the borrower be eligible under the provisions contained in each program.
Discussions are underway with CABEI and two or three other lenders for a loan for the second phase.
Downward pressure on the rating could arise from further deterioration of CABEI asset quality ratio and an unexpected decrease of its capital ratios.
Since that date, CABEI (in line with actions taken by other multilateral and bilateral agencies) decided to stop the disbursements of loans to this country as long as the current situation is not resolved.
3 million of loans and grant support provided by DANIDA, a development agency of the Danish Government; CABEI, the Central American Bank for Economic Integration; and a consortium of five Costa Rican banks.