CABEI receives contribution from OPEC Fund to promote climate investment projects in the region, thereby boosting sustainable development in Central America

Washington, D.C., October 16, 2025 - During the Annual Meetings of the World Bank and the International Monetary Fund, the Central American Bank for Economic Integration (CABEI) and the OPEC Fund for International Development (OPEC Fund) signed a non-reimbursable Financial Contribution Agreement for up to US$750,000.00, earmarked for CABEI's Climate Change Investment Project Preparation Fund (FCC).

With this contribution, the OPEC Fund joins as a new donor to the FCC, a mechanism created by CABEI to finance technical studies and assistance for the formulation of climate-focused projects in the countries of the region. This fund has been key to generating a solid portfolio of initiatives in climate adaptation, mitigation, and risk management, facilitating access to financing from CABEI itself or from external sources.

The contribution also reinforces international confidence in the FCC, which already has the backing of institutions such as the European Union, KfW, and AECID/FONPRODE, and strengthens cooperation between the two institutions, which have maintained a relationship for more than two decades and have jointly mobilized US$1.413 billion in cofinancing in key sectors such as energy, transportation, climate action, and rural development.

"The addition of the OPEC Fund as a new donor to the Climate Change Investment Project Preparation Fund reaffirms our joint commitment to promoting innovative solutions to climate change. This alliance expands our capacity to structure projects with high environmental, social, and economic impact in our member countries," said Gisela Sánchez, Executive President of CABEI.

For his part, OPEC Fund President Dr. Abdulhamid Alkhalifa said, "The OPEC Fund reaffirms its commitment to continue supporting initiatives that contribute to concrete solutions to climate change in our beneficiary countries. Through this contribution, we seek to strengthen project identification and preparation, as well as facilitate the implementation of effective solutions adapted to local realities. CABEI is a strategic partner with whom we share a common vision and mutual commitment to the sustainable development of the region."

CABEI and the OPEC Fund continue to strengthen their collaboration by identifying new co-financing opportunities, with the purpose of mobilizing resources for climate action, sustainable infrastructure, and inclusive development in Latin America and the Caribbean.