The Central American Bank for Economic Integration (CABEI) approved a $13.2 million loan to the Inter-American Infrastructure Finance Corporation to fund private sector infrastructure projects across the region, according to a CABEI announcement. CIFI will use the money to back projects in energy, transportation, tourism, telecommunications, and water across CABEI member countries. The idea is to get private companies building more roads, power plants, and other infrastructure that governments often can’t afford on their own. Projects should create jobs during construction and operation while giving people better access to basic services.
Central America and the Caribbean need tons of infrastructure but don’t have the cash. Roads, bridges, and power systems cost huge amounts that most countries can’t handle alone. Private companies have the money and know-how to build this stuff, but they often need financing help to make projects work in smaller markets.
The loan fits with CABEI’s plan through 2029 to fund projects that make life better for people and help regional economies grow. The bank wants more private investment flowing into sectors that can drive development. CIFI knows how to structure deals that work for both investors and local communities.
The partnership lets both organizations do more infrastructure projects across the region. CABEI can go beyond just lending to governments, while CIFI gets more money for deals in Central America and the Caribbean.
