Tegucigalpa, September 30, 2021.- The Central American Bank for Economic Integration (CABEI) and the Korean Council for Latin America and the Caribbean (KCLAC) signed a Memorandum of Understanding to promote initiatives that foster cooperation and promote sustainable economic development in the region.

Within the framework of this agreement, both institutions will work together to promote joint programs, projects, initiatives, and activities that foster cooperation, promote sustainable economic development benefiting CABEI member countries and support the development of their private sectors.

CABEI Executive President, Dr. Dante Mossi, emphasized: "We are joining forces with organizations from our partner, the Korean Republic, to learn from best practices and apply them to boost competitiveness in the countries of our region.

KCLAC is a non-governmental organization that seeks to promote economic, social, and cultural exchanges between Korea and Latin American and Caribbean countries by implementing operations related to this purpose and cooperating with relevant organizations in the region.

CABEI Executive President, Dr. Dante Mossi, CABEI Director for Korea, Mr. Dongjoon Kim, and KCLAC President, Mr. Soong-chull Shin, participated in the signing event.