Page 29 - Caribbean-Central America Profile 2018

REGIONAL

CARIBBEAN-CENTRAL AMERICA PROFILE 2018

CARIBBEAN/LATIN AMERICA FINANCING SOURCES

MULTILATERAL & REGIONAL Banco Centroamericano de Integración Eighteen non-regional countries joined the Bank
FINANCING SOURCES Económica between 1976 and 1993. Today, the IDB is owned
CARIBBEAN DEVELOPMENT Edificio Sede BCIE, by 47 member states of which 26 are borrowing
BANK (CDB) Boulevard Suyapa, members in Latin America and the Caribbean.
The Caribbean Development Bank (CDB), is a Tegucigalpa, Honduras In addition to the Bank, the IDB Group consists
regional financial institution which was established Tel: (504) 240-2243 of the Inter-American Investment Corporation
by an Agreement signed on October 18, 1969 and Fax: (504) 2240-2231 (IIC) and the Multilateral Investment Fund
entered into force on January 26, 1970. Website: www.bcie.org (MIF). The IIC, an autonomous affiliate of the
Bank, was established to promote the economic
EUROPEAN INVESTMENT BANK
The Bank came into existence for the purpose of development of the region by financing small
contributing to the harmonious economic growth (EIB) and medium-scale private enterprises. The
and development of the member countries in the The European Investment Bank (EIB) is an Bank’s operations cover the entire spectrum
Caribbean and promoting economic cooperation autonomous institution owned by the Member of economic and social development. In
and integration among them, having special and States of the EU. It provides long-term financing the past, Bank lending emphasized the
in the form of loans, and risk capital (equity and
urgent regard to the needs of the less developed quasi-capital) for productive capital investment productive sectors of agriculture and industry,
members of the region. projects in the African, Caribbean and Pacific the physical infrastructure sectors of energy
Caribbean Development Bank (ACP) signatory countries of the Fourth Lomé and transportation and the social sectors of
environmental and public health, education and
P.O. Box 408, Wildey, Convention; in the Overseas Countries and urban development. Current lending priorities
St. Michael, Barbados Territories (OCT) which enjoy special ties include poverty reduction, promotion of
Tel: (246) 431-1600 with three Member States of the European social equity, modernisation, competitiveness,
Fax: (246) 426-7269 Union (EU); as part of a lending programme to
E-mail: info@caribank.org countries in Asia and Latin America which have regional integration and the environment.
concluded separate cooperation agreements
Website: www.caribank.org Inter-American Development Bank
with the EU; and in the form of loans in 1300 New York Avenue, N.W.
CENTRAL AMERICAN BANK FOR countries of Central America which form part Washington, DC 20577
ECONOMIC INTEGRATION (CABEI) of the Greater Caribbean Basin (Costa Rica, Tel: (202) 623-1000
CABEI is a multilateral development bank Guatemala, Honduras, Nicaragua, Panama). Fax: (202) 623-3096
dedicated exclusively to serving its member The Bank also offers global loans (credit lines) to E-mail: pic@iadb.org
countries. It is the largest financial institution in intermediary financial institutions for financing Website: www.iadb.org
Central America and its strategic axes are based small and medium-sized enterprises. The Bank
on the fight against poverty, regional integration borrows its resources on the international capital INTER-AMERICAN INVESTMENT
and the competitive insertion of Central America markets, and lends on a non-profit basis: at cost CORPORATION (IIC)
in the global economy. Founding member plus a small margin to cover expenses. The Inter-American Investment Corporation
countries include Costa Rica, El Salvador, The European Investment Bank (IIC) is a multilateral organisation. It began
Guatemala, Honduras and Nicaragua. Together Communication and Information Department, operations in 1989 to promote the economic
with the countries of Central America, Mexico, 100 boulevard Konrad Adenauer, development of its Latin American and
the Republic of China, Argentina, Colombia L-2950 Luxembourg Caribbean member countries by financing private
and now Spain, the Bank works to support the Tel: (352) 43 79 31 22 enterprises. To fulfill its mission, the IIC provides
project financing in the form of direct loans
dream of transforming Central America into a Fax: (352) 43 79 31 91 and equity investments, lines of credit to local
strong, prosperous and united region. E-mail: info@eib.org financial intermediaries, and investments in local
Website: www.eib.org
Traditionally, CABEI financed governments of the and regional investment funds. It particularly
area through the public sector, but since 1991, the INTER-AMERICAN DEVELOPMENT targets small and medium-sized companies that
institution started focusing on the private sector. BANK have difficulty in obtaining financing from other
The Inter-American Development Bank is sources on reasonable terms.
CABEI also channels resources to micro the oldest and largest regional multilateral
enterprises that have limited access to credit development institution. Established in December The IIC is owned by 42 countries, all of
from the private banking systems, through 1959, it was designed to accelerate economic which are members of the IDB: 26 borrowing
more than 25 non-governmental organisations and social development in Latin America and countries in Latin America and the Caribbean,
(NGOs). Within the public sector, CABEI the Caribbean. The IDB is the main source of 13 European countries, the United States, Israel
and Japan.
emphasises selected infrastructural projects multilateral financing for economic, social and
that support production in the areas of energy, institutional development projects as well as Inter-American Investment Corporation
transportation and telecommunications. Social trade and regional integration programmes in 1350 New York Avenue, N.W.
development programs are being promoted in the region. The Bank’s original membership Washington, D.C. 20577
the education and health sectors, and poverty included 19 Latin American countries and Tel: (202) 623-3900
alleviation. Protection of the environment, the United States. Subsequently, eight other Fax: (202) 623-3815
eco-tourism, and Municipal Development and Western Hemisphere nations, including Canada, E-mail: iicmail@iadb.org
Strengthening are other areas given priority. joined the Bank. Website: www.iic.int

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