The Central American Bank for Economic Integration (CABEI) and Publish What You Fund today announced the signing of a Memorandum of Understanding (MoU), marking a strategic step toward strengthening the Bank’s transparency and institutional openness.

Although CABEI has not yet reached the capital threshold required by Publish What You Fund for an official assessment as part of its DFI Transparency Index, it has proactively decided to progressively adopt the organization’s transparency standards. This effort aims to close gaps, enhance accountability, and reaffirm CABEI’s commitment to the continuous improvement of its institutional practices.

CABEI Executive President Gisela Sánchez stated: “With this initiative, we reaffirm our commitment to advancing transparency and accountability by proactively and ahead of time adopting international best practices, in close collaboration with a highly respected, independent, and specialized institution. This MoU is a concrete step toward becoming a more open and trustworthy organization.”

For his part, Publish What You Fund CEO Gary Forster noted: “We welcome CABEI’s initiative to strengthen its transparency practices and we look forward to working with the bank. This collaboration will allow the implementation of concrete actions to improve access to information and the Bank’s institutional openness.”

The MoU outlines the planning and execution of joint initiatives to enhance CABEI’s transparency practices, including evaluation and benchmarking exercises, technical workshops, online technical assistance, and actions that promote institutional openness and access to information.