CABEI and MASHAV Sign Cooperation Agreement

Published on Tuesday, 15 October 2013 by Webmaster

CABEI and MASHAV Sign Cooperation Agreement
In the photo: Israel's Ambassador to the United States H.E. Ron Dermer (left) and CABEI´s Executive President Dr. Nick Rischbieth at the signing ceremony.
Copyright: MFA

The Central American Bank for Economic Integration (CABEI) and MASHAV signed a Cooperation Agreement with the purpose of broadening ties in fields where Israel has relevant expertise acquired during its own development experience (October 11, 2013).

Cooperation between CABEI and MASHAV will concentrate mainly in the fields of Agriculture, Education, and Small and Medium Enterprises development through courses in Israel and on-site, in addition to short and long term consultancies carried out by Israeli experts. In this context, CABEI will serve as a means to enhance the effectiveness of MASHAV´s development assistance in the region, by creating synergies through CABEI´s financing activities to benefit larger scale projects in its beneficiary member countries. CABEI is the Development Bank for Central America, and the strategic partner and leading resources provider of the region, focused on improving the quality of life of Central American communities by promoting economic and social balanced development, regional integration and the sustainable use of its natural resources.

CABEI´s Executive President Dr. Nick Rischbieth stated at the signing ceremony: "As the principal source of multilateral funding in the region, and as the financial arm of the Central American integration, we are most pleased with the signing of this agreement which will greatly benefit our member countries, drawing on the noted success of MASHAV´s aid programs, and CABEI´s solid presence in the region."

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