Central America fund receives huge loan to fight global warming

February 14, 2012

The German bank KFW granted a loan to the Central American Bank for Economic Integration (CABEI) for $65 million to fight global warming and support infrastructure projects, officials announced this week.  

CABEI said in a statement that the $65 million received from Kreditanstald für Wiederaufbau (KfW) will support the “largest wind farm in Central America” ​​in Cerro de Hula, Honduras, as well as an Electric Interconnection System for Central American Countries (SIEPAC).

CABEI’s CEO, Nick Rischbieth, thanked the KfW for the credit and stated that the German bank “is the largest bilateral creditor” of the Central American regional financial institution.

Since 2003, CABEI and KfW have signed eight loans totaling more than $280 million. The majority of the funds have been invested in promoting renewable energy.

Headquartered in Tegucigalpa, CABEI was founded in 1960 by Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica. Partners include Mexico, Taiwan, Argentina, Colombia, Spain, Panama, Dominican Republic and Belize.

Facebook Comments

You may be interested

Mexico opens border to women and children from migrant caravan
Honduras
728 views
Honduras
728 views

Mexico opens border to women and children from migrant caravan

AFP - October 20, 2018

Mexican authorities on Saturday allowed dozens of women and children from the Honduran migrant caravan to pass into its territory,…

Venezuela accuses Costa Rica of ‘subordination’ to U.S.
Costa Rica
1295 views
Costa Rica
1295 views

Venezuela accuses Costa Rica of ‘subordination’ to U.S.

AFP - October 20, 2018

Venezuela criticized Costa Rica this week for expressing support for several countries that have asked the International Criminal Court (ICC)…

Lifeguards call for help in Costa Rica: support their work in Osa
Changemakers
1752 views
Changemakers
1752 views

Lifeguards call for help in Costa Rica: support their work in Osa

Perry Gladstone - October 20, 2018

Over the last four years, the Lifeguards of Costa Ballena have performed 240 in-water rescues, administered first aid 100 times…