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BCIE - Banco Centroamericano de Integración Económica

06/17/2021 | Press release | Distributed by Public on 06/17/2021 17:53

CABEI and Green Climate Fund join efforts to increase climate resilience in the Republic of El Salvador

Tegucigalpa, June 16, 2021.- n order to promote climate projects in El Salvador, the Central American Bank for Economic Integration (CABEI) and the Green Climate Fund (GCF) developed the webinar: 'Building Resilience to Climate Change in El Salvador', which aims to define lines of action and seek alternatives to contribute to the commitments of the Sustainable Development Goals.

During the event, El Salvador's strategy related to climate change adaptation and mitigation was presented, as well as the potential benefits of investing in resilient construction. Also presented were the financial resources available for the country from international entities and CABEI's climate projects portfolio, including the Resilient Reconstruction Program, the MIPYMES Green Initiative 1 and 2 and Project Change 1 and 2.

CABEI Executive Vice President, Jaime Roberto Díaz, explained that the Bank's financing is aimed at helping its countries mitigate climate change, increase the territories' adaptation level and protect the population in vulnerable conditions. He added that the Bank offers flexible and attractive financing that adjusts to the market's needs and conditions, and he emphasized CABEI's role as a catalyst for resources from external sources with a focus on climate investment.

Regarding programs and projects, CABEI presented the Central American Resilient Reconstruction Program, which has resources in the order of US$2.513 million. CABEI also announced the creation of the Climate Change Investment Project Preparation Fund (FCC), which will provide non-reimbursable technical assistance resources.

Representatives from the Environment and Natural Resources Ministry, the Finance Ministry, the Agriculture Ministry, the United Nations Development Program and the Green Climate Fund, other funders and regional entities of the Central American Integration System and El Salvador participated in the webinar.