UNOPS and BCIE sign agreement for economic integration

UNOPS and the Central American Bank for Economic Integration (BCIE) recently signed a cooperation framework agreement to assist the effective and transparent implementation of development projects in the region.

BCIE is headquartered in Tegucigalpa, Honduras, with offices throughout Central America. The BCIE was initially founded in 1960 by Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica.

The new agreement will improve the capacity of BCIE member countries to effectively design, implement and manage public projects as well as public-private partnership initiatives.

BCIE Executive Vice-President Alejandro Rodríguez and UNOPS Executive Director Grete Faremo signed the agreement in Tegucigalpa.

"This type of partnership, with key players such as UNOPS, will enable us to be more effective and improve our impact in terms of development," Rodríguez said. "This partnership will allow us to better work with member countries in the implementation of programs and projects."

The signing of the agreement took place during the first leg of a regional visit by Faremo.

"This agreement marks a new period in the 20-year collaboration between UNOPS and the BCIE," Faremo said. "Combining the experience and knowledge of the BCIE with UNOPS expertise in implementation, we can help build a better world, fight inequality and promote sustainable development for all."