The Board of Governors of the Central American Bank for Economic Integration (CABEI) yesterday confirmed Argentina as host for the 59th meeting to be held during the second half of April 2019. The decision was made yesterday at the 58th Ordinary Board of Governors Meeting held in the Dominican Republic between April 26 and 27.
The Minister of Finance, Luis Caputo, said that “Argentina hosting the next CABEI Board of Governors Meeting is a clear sign of the international community’s confidence in the changes the country is implementing”. In addition, he welcomed the support of the bank to Argentina with the financing of projects for 170 million dollars related to scientific research, public works, health and education.
This is the most important event of the CABEI where high-impact decisions that have positive consequences on the socio-economic development of the citizens of member countries are made.
The Board of Governors is the highest authority of the Bank and, according to the CABEI Constitutive Agreement, it is held once a year. Each member country is represented by one governor and one alternate governor, who may be the Minister of Economy, the Minister of Finance, Public Credit, the President of the Central Bank, or the corresponding official that conducts the representation according to the domestic rules of each country.
The next meeting, to be held in April 2019 in Argentina, will be attended by authorities of member countries and leaders from the regional private sector. The last time this event took place in Argentina was in March 2006 in San Carlos de Bariloche, Province of Río Negro.
The CABEI is a multilateral financial institution created in 1960 to promote the integration and development of its founding members. Over the years, the institution has incorporated new regional and extra-regional partners, including Argentina since the approval of the Bank’s Constitutive Agreement in 1994.