CABEI lowers interest rates on loans granted to member countries

The Central American Bank for Economic Integration (CABEI) is to lower by 0.10% the interest rate applicable to current and new sovereign public sector loans that have a variable margin interest rate scheme (LIBOR + margin). 

The loans eligible for this improvement are approximately 90 operations that include the already disbursed portfolio, the approved loans pending disbursement and the approvals contemplated in the 2021 Annual Plan, which in aggregate amount to approximately $10 billion.

CABEI Executive President, Dr Dante Mossi said the reduction is a reflection of the continuous improvement in the bank's funding costs, particularly in bond issues.