Invitation to Spanish companies to bid for 3 billion in contracts in Central America

By Bufete Mejía & Asociados

The Central American Bank for Economic Integration (CABEI) presented in Madrid its main lines of action to promote the integration of the region, as well as the economic, social and environmental development of its member countries.

CABEI's Executive President, Dante Mossi, invited Spanish companies to participate in projects for "3 billion euros in annual contracts, where they have a great competitive advantage thanks to the common language." 

Spain is one of the bank's non-regional members, with a 4.2% shareholding, which provides benefits to national companies when contracting. In addition, CABEI has established a Special Fund for Direct Foreign Investment for a total amount of US$200 million, which aims to provide loans and credit guarantees for companies that want to invest in Central American countries, including Honduras. Through this mechanism, the institution provides opportunities for the private sector so that companies can access these markets, expand their operations in the region and access competitive financing, thanks to the cooperation bank's "zero default" record over the past decades, which is a guarantee for investors.