8 Sep 2014

NIB places facility with CABEI for projects in Central America

NIB has launched a new loan facility, totalling USD 60 million (EUR 44 million) with the Central American Bank for Economic Integration (CABEI), a multilateral development bank whose mission is to promote the economic integration and balanced economic and social development of the Central American countries.

The funds of the loan programme will be allocated to projects that comply with NIB’s eligibility criteria. Each allocation within the loan programme will be assessed for its impact on competitiveness and the environment. Demand for technologies and equipment from Nordic suppliers is experiencing an upsurge, particularly in the sectors of renewable energy and healthcare in the region. The facility complements three previous loan programmes, totalling USD 90 million.

CABEI is the leading source of multilateral financing for the integration and economic and social development of Central America. The following countries are eligible for financing from CABEI: Argentina, Belize, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua and Panama.

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

For further information, please contact
Ms Marjo Harri, Director, Head of the Financial Institutions and SME Lending Group, at +358 10 618 0227,

Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,