The Central American Bank for Economic Integration (BCIE) and the Financial Fund for the Development of the La Plata Basin (FONPLATA) have subscribed a landmark Exposure Exchange Agreement (EEA) for an amount of up to US$468 million. This agreement represents the third such agreement executed by the BCIE in less than a year, in line with the balance optimization guidelines of its 2025-2029 Financial Strategy.
The transaction sets a new precedent as the first EEA concluded between two Multilateral Development Banks (MDBs) with credit ratings in the 'AA' and 'A' range. This evidences the Bank's strategic commitment to promoting sustainable development in the region with the support of innovative financial instruments such as EEAs.
The Executive President of the BCIE, Gisela Sánchez, highlighted the importance of the collaboration: 'This new EEA with FONPLATA reflects our vision to strengthen cooperation between Multilateral Development Banks and to lead innovative financial initiatives that allow us to achieve common goals in a strategic manner. The agreement symbolizes a significant advance in South-South cooperation between both subregional institutions and in the evolution of the use of this type of instrument within Multilateral Banking.'
With the incorporation of this new EEA, the BCIE consolidates a total of US$1,618 million in this type of operation.
