UNDP and the Central American Bank for Economic Integration (CABEI)

UNDP and CABEIThe Central American Bank for Economic Integration aims at promoting economic and social integration and development in Central American countries. In this respect, it pursues the improvement of the quality of life in the region through support of regional programmes to facilitate the integration of countries in the region in the world economy and among themselves and poverty reduction. The areas of focus for the Central American Bank for Economic Integration include the following:

  • Poverty: Employment creation, capacity building, MDGs,
  • Globalization: Favourable investment climate, regional competitiveness, strategic partnerships with key stakeholders, negotiations, implementation and sustainability of agreements for economic openness.
  • Integration: Physical, economic, trade and finaicial integration in the region, regional financial market, harmonization of regulatory frameworks and adoption of best practices in strategic sectors, regional programmes for environmental protection.
UNDP and the Central American Bank for Economic Integration signed a Framework Agreement on 9 March 2001, with the aim of working together in the area of sustainable human development through projects to support efforts in the areas of poverty reduction, balanced development, economic integration, natural resources. The agreement establishes a coordination mechanism as well as operational arrangements that would guide joint activities.