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Add to Preferred SourcesThe Central American Bank for Economic Integration (CABEI) presented the Program for the Reduction of Poverty and Economic and Social Exclusion (PRPEES) at the “Technical Workshop on Progress in Public Policies for the Reduction of Multidimensional Poverty in Latin America and the Caribbean,” which was held in Asunción, Paraguay.
Before experts from international organizations and academia linked to the study of public policies and international cooperation, CABEI Strategic Alliances Analyst, Carlos Gallegos, explained that the program will be financed with resources from CABEI for up to US$569.1 million in approvals and with resources from external financing sources in order to increase the availability of resources. The financial conditions applicable to the PRPEES will be concessional up to 35% in the case of the resources provided by CABEI.
The purpose of PRPEES is to improve the quality of life of the region’s inhabitants through the financing of operations to meet the investment needs of the poorest and most excluded communities in order to contribute to the region’s balanced development.
The program is aimed at the CABEI member countries: Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica, Belize, Panama and the Dominican Republic. It covers such fields as education, housing, health, employment and social protection.
Original source: BCIE
Published on 04 June 2019