AfDB, CABEI Sign Deal to Enhance Development Finance and Growth
The African Development Bank (AfDB) and the Central American Bank for Economic Integration (CABEI) have signed a Letter of Intent to enhance cooperation aimed at boosting economic growth and improving social well-being in their member countries.
The agreement, signed on the sidelines of the 2026 Spring Meetings of the International Monetary Fund and the World Bank Group, focuses on facilitating balance sheet optimisation in line with the G20’s recommendations on capital adequacy frameworks for multilateral development banks.
The signing was led by AfDB Vice President for Finance and Chief Financial Officer, Hassatou N’Sele, and CABEI Executive President, Gisela Sánchez.
Under the agreement, the two institutions will collaborate on new initiatives and financial instruments to promote knowledge exchange in development financing practices, strengthen institutional capacity and support sustainable economic development.
CABEI President Gisela Sánchez described the agreement as the beginning of a strategic partnership between the two institutions.
“The signing of this Letter of Intent marks the beginning of a significant strategic partnership between CABEI and the AfDB, which we are confident will be strengthened through initiatives of mutual interest and benefit,” she said.
Sánchez added that potential areas of collaboration include the structuring of an Exposure Exchange Agreement and joint participation in bond issuances.
N’Sele said the agreement represents a key milestone in deepening cooperation between the two banks, citing their similar sovereign risk profiles and previous collaboration in benchmark issuances.
“We believe there is strong potential for meaningful mutual benefits as we continue to strengthen this partnership,” she said.
The two institutions also indicated plans to formalise their collaboration further through a Memorandum of Understanding in the near future.
