With the objective of promoting the improvement and distribution of drinking water in the countries of the region, the Central American Bank for Economic Integration (CABEI) has approved projects for an amount of US $825,445.52 thousand during the last five years.
The twelve projects financed by the Bank, aimed at improving the quality of water for human consumption, increasing coverage and sanitation, reducing drinking water losses and reducing the risk of contamination, have benefited the health conditions of the population and the environment for more than 3,730,068 families settled between El Salvador, Nicaragua, Costa Rica, and Panama.
The Executive President of CABEI, Dr. Nick Rischbieth, assured that CABEI’s investments in this sector are in line with the guidelines of the Institutional Strategy “Integrating Development and Sustainable Competitiveness,” which allows it to establish sustainable growth in the future.
Thanks to this financing, CABEI contributes to the reduction of biogas emissions from untreated wastewater, the sustainability and the increase of the ecosystem, favoring the reduction of health costs for governments by improving people’s productivity. Programs and projects include pre-investment financing (studies and final designs), infrastructure works, equipment, and technical, social and environmental sustainability in urban and rural areas.
Given the sector’s relevance, CABEI also has funds to carry out feasibility studies for the design of water supply and sanitation projects that take into account environmental, social, technical and economic aspects.
“On World Water Day, our financial institution joins the day’s commemoration to remind people of the importance of using water resources rationally, as established in CABEI’s 2015-2019 Institutional Strategy, which addresses the water sector as an essential element of human progress and social infrastructure,” stated President Rischbieth.
The initiatives are aimed at improving the development and quality of life of the population. Likewise, these actions seek for the infrastructure to resist the impacts of events such as earthquakes, hurricanes, droughts, deforestation and forest fires.
Original source: BCIE
Published on 22 March 2018
