CABEI assumes the presidency pro tempore of the G-16, the multilateral group for cooperation and development of the countries of Honduras

Tegucigalpa, January 19, 2022.- From January to June of this year, the Central American Bank for Economic Integration (CABEI) will assume the presidency pro tempore of the Group of 16 (G-16), a body whose objective is to support the sustainable development of the country and which is composed of representatives of the main countries and multilateral organizations of international cooperation in Honduras.

The presidency rotates every six months, and the current handover marks the beginning of a period in which CABEI, as the Bank for the Development and Integration of Central America, will promote a coordinated program between the government , private enterprise and civil society that responds to G-16 strategic objectives, such as strengthening the rule of law, transparency and accountability, human rights and gender, health, climate change, aid effectiveness, dialogue with the private sector, migration and the electoral cycle.

“For us, it is an honor to begin 2022 assuming the presidency of this important group that oversees the development of strategies that guarantee the social and economic well-being of the country, issues to which CABEI is fully committed not only in Honduras, but throughout the region, underlined the Executive Chairman of CABEI, Dr. Dante Mossi.

He added that, within the framework of this strategy, the multilateral will focus on key issues such as the Plan for the first hundred days of the new government, priority sectors, management of the pandemic and the start of the school year, actions to improving access to health and education, the current state of the Honduran economy and priority projects for fiscal strengthening, debt structure and public spending.

The current situation of the electricity sub-sector and the reform proposals for its strengthening, economic reactivation, job creation and the agenda for poverty reduction, adaptation to climate change and resilient cities will also be discussed.

The Group of 16 is made up of representatives from 15 countries, three development banks and four multilateral organizations and operates at four levels: heads of mission, heads of cooperation, technical-sectoral round tables and a secretariat. At its various levels, the group maintains a political, economic and technical dialogue with the government, civil society, the private sector and academia.

The history of the G-16 in Honduras

First period, “Reconstruction” (1998-1999): creation of the G-16 as an international cooperation monitoring group one year after Hurricane Mitch.

The eighth period begins this year 2022 with the newly elected authorities and CABEI as President pro tempore. In this way, the Bank helps to articulate cooperation efforts to improve the quality of life of Honduran citizens and the rule of law.

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