CABEI secures Japanese loan

Global business Handshake Meeting

Central American Bank for Economic Integration (CABEI) has secured an export credit line from the Japan Bank for International Cooperation (JBIC).

The facility is worth US$30mn, while an additional US$20mn has been contributed by commercial lenders, the details of which are confidential.The commercial portion of the finance is covered by Nexi buyer’s credit.

CABEI, a Central American development bank will use the loan to purchase Japanese machinery and equipment for use in a range of power projects, including thermal, waste-to-energy and hybrid power plants.