Accession of Belize as a full member of the CABEI

MINISTRY OF ECONOMIC DEVELOPMENT, PETROLEUM, INVESTMENT, TRADE AND COMMERCE

Belize Press Office

Accession of Belize as a full member of the Central American Bank for Economic Integration (CABEI).

Belize joined the Central American Bank for Economic Integration (CABEI) on November 2, 2006 under the status of beneficiary country. Since then, Belize has benefited from financing from CABEI for four projects: Belize Rural Finance Programme, Improvement and Rehabilitation of the Southern Highway – Dump to Jalacte section, Improvement and Rehabilitation of the Santa Elena Border in Corozal, and the Belize Integral Security Programme.

Belize is now incorporated as a full member of the Bank as a Non-Founding Regional country with effect from November 9, 2016.  The amendments to the CABEI Constitutive Agreement 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 new status 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.”

The Accession Instrument was signed by Prime Minister the Rt. Hon. Dean O. Barrow and CABEI’s Executive President Dr. Nick Rischbieth.  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).