Monday, January 30, 2023

CABEI and the Partnership for Central America sign an agreement for initiatives that mitigate migration in Central America

Tegucigalpa.- The Central American Bank for Economic Integration (CABEI), through its Social Support Foundation (FAS) and the Partnership for Central America, Inc. (PCA) signed a memorandum of understanding in the city of Washington DC, through which the identification and support of initiatives that comprehensively address the causes of migration in Guatemala, El Salvador and Honduras.

The agreement contemplates carrying out activities aimed at facilitating collaboration between the private sector, governments, as well as aid agencies, international organizations, among others, to encourage investment in programs or projects with a high social impact that manage to amplify opportunities for economic development in beneficiary countries.

“We are pleased to formalize this agreement, which will promote greater opportunities for economic development and will encourage the exchange of knowledge and experiences focused on strengthening private sector investment in our countries, as well as supporting a topic of great importance such as the migration”, expressed the executive president of the Bank, Dante Mossi.

In addition, this alliance will facilitate coordination spaces to promote best practices on resource channeling mechanisms to address the root causes of migration and promote long-term sustainable development in the beneficiary countries.

The FAS was created by the Bank in 2020 in order to promote projects with high social impact in member countries, accelerating the development of the region; complementing and strengthening the Bank’s strategic objectives through activities that contribute to the reduction of extreme poverty.

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