Belize joins CABEI as a non-founding regional member country
PRESS RELEASE
By CABEI
November 14
Tegucigalpa, November 14, 2016 -Belize joined the Central American Bank for Economic Integration (CABEI) as a full member, as a result of the recent amendments to the Bank's Constitutive Agreement, which allows the region's countries to enjoy full participation and integrate the CABEI Board of Directors and Board of Governors.
The above was made known by means of a formal note addressed to the CABEI Executive President, Dr. Nick Rischbieth, from Belize's Finance Minister, Honorable Dean O. Barrow, who confirmed that Belize had completed the terms and conditions to become a non-founding regional member.
The amendments to the CABEI Constitutive Agreement that made these changes possible came into effect on June 9, 2016, and are aimed at consolidating the Bank's preferential creditor status, supporting its member countries, strengthening its capital base and promoting a greater diversification of its loan portfolio.
Belize joined CABEI on November 2, 2006 under the status of beneficiary country. Being incorporated as a non-founding regional member will allow it to expand its financing for new approvals aimed at economic and social infrastructure projects that are in line with the CABEI 2015-2019 Institutional Strategy "Integrating Sustainable Development and Competitiveness."
CABEI Executive President Dr. Nick Rischbieth emphasized that Belize's new position in CABEI will strengthen the Bank's financial soundness with international risk rating agencies, boosting its capacity to attract greater resource amounts with better conditions to finance programs and projects targeted at complying with the institutional mission of promoting the economic integration and balanced economic and social development of the Central American region.
Belize joins Panama and the Dominican Republic, which in 2016 also changed their status within CABEI, establishing a governance structure aligned with the Central American Integration System (SICA).
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Belize)
Markham Private Clients launches new kidnap, ransom division
Specialist high net worth wholesale broker Markham Private Clients has hired Patrick Peters to head up its new kidnap and ransom facility. The insu...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Serra Verde
- Current stage:
- Updated:
4 days ago
- Project: Gas/crude-based ACG expansion - EPF
- Current stage:
- Updated:
4 days ago
- Project: Plant for Vegetable Oils Hydrotreatment (HVO, Renewable Diesel)
- Current stage:
- Updated:
4 days ago
- Project: Bermejo-Toro field
- Current stage:
- Updated:
4 days ago
- Project: Logradouro
- Current stage:
- Updated:
4 days ago
- Project: Industrial Waste Management Center (CIGRI)
- Current stage:
- Updated:
4 days ago
- Project: La Colorada wind farm (UKA)
- Current stage:
- Updated:
21 hours ago
- Project: Cerro Cora-Porta D’Água
- Current stage:
- Updated:
4 days ago
- Project: Rucalhue hydro plant
- Current stage:
- Updated:
4 days ago
- Project: VSE hybrid solar park (Sol de Brotas Complex)
- Current stage:
- Updated:
4 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Franchi & Asociados
- Company: Mineração Horical Ltda.  (Mineração Horical)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Vigo Energy S.R.L
- Company: Polimix Concreto Ltda.
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Thor Norte Granitos Ltda.  (Thor Norte Granitos)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...