The Central American Bank for Economic Integration (CABEI) achieved a historic financial milestone in 2024, raising an impressive $2.9 billion to support the development of its member countries, including El Salvador. This significant amount comes as part of the bank’s updated financial strategy aimed at strengthening liquidity and continuing to foster regional growth.
CABEI raised $2.592 billion through the issuance of ten bonds across various formats, currencies, and markets. A major highlight of the year was the bank’s $1.35 billion global benchmark bond issue, marking the largest in its history. Additionally, CABEI reached new records in the capital markets of countries like Mexico and Costa Rica, raising 13 billion Mexican pesos and 88.3 billion Costa Rican colones, respectively.
In a bid to diversify its funding sources, CABEI also issued its first-ever bond in Indonesian rupiah and placed a 30-year bond, the longest in the bank’s history. The year also saw the launch of the bank’s inaugural Sustainable Bond Framework, which included an issue for 1.2 billion Turkish liras.
Furthermore, CABEI secured $329 million through bilateral loans and credit lines focused on sustainable projects and gender equity, collaborating with key partners such as the French Development Agency, Spain’s Official Credit Institute, and Germany’s KfW. The bank also finalized the signing of a $100 million syndicated loan in Asia through CTBC Bank of Taiwan.
Gisela Sánchez, Executive President of CABEI, emphasized that these remarkable figures demonstrate the bank’s position as a leading issuer in global capital and financial markets. “2024 has been a historic year for CABEI, showcasing our ability to innovate and adapt in a changing financial landscape,” she said. “This milestone will help optimize financial conditions for our member countries and drive progress on the sustainable development goals outlined in our Institutional Strategy 2025-2029.”
As CABEI looks ahead, it has already launched its 2025 fundraising plan with the issuance of a $1.5 billion Sustainable Global Bond, further solidifying its commitment to supporting development across the region.
