El Canary Islands Governmentthrough Proexca, as well as the Banco Centroamericano de Integración Económica (BCIEhave signed an agreement in Spain to provide technical assistance in Latin AmericaThis alliance seeks to transform the archipelago into a Atlantic Hub, making it easier for Canary Islands SMEs and self-employed individuals to bid on multilateral projects with legal certainty and a guarantee of payment.
Strategic alliance for the internationalization of Canarian knowledge
The vice president of Canary Islands Government and advisor of Economy, Industry, Commerce and Self-Employed, Manuel Domínguez González, together with the deputy minister of Economics and Internationalization, Gustavo González de Vega, have formalized this framework for collaboration with the BCIE, represented by Mauricio Chacón y Alberto CabezónThe agreement establishes a co-financing system to boost the presence of consulting and engineering firms from the islands in foreign markets.
As has been highlighted Manuel Domínguez: "We export Canarian knowledge; we don't just sell sun and beaches; we export top-level know-how, engineering, and tourism consulting to Latin AmericaThis is true internationalization for our companies.With this signature, Canary Islands becomes the first Spanish Autonomous Community in reaching an agreement of this type with the BCIEpositioning itself in countries such as Guatemala, Honduras, Costa Rica, Panama, Dominican Republic y Colombia.
Investment and priority sectors
The financial plan for the current fiscal year includes a contribution of 204.001 Euros by the Canary Islands Government (equivalent to 50% plus one euro of the total), while the BCIE It covers the remaining financing. These funds are earmarked for feasibility studies and technical projects in key sectors where Canary Islands companies have a recognized competitive advantage.
| Concept / Project | Location | Sector | Budget / Investment |
|---|---|---|---|
| Contribution from the Government of the Canary Islands | Regional | Internationalization Promotion | 204.001 EUR |
| Coral Regeneration (Bay Islands) | Honduras | Blue Economy / Environment | 100.000 USD |
| Environmental Management of Border Crossings | Belize | Sustainable Tourism / Smart Cities | 250.000 USD |
Projects underway: Honduras and Belize
The collaboration has already identified two immediate lines of action:
- Honduras: A project of blue economy focused on coral restoration in Bay islandsIt includes the installation of coral nurseries and training for fishermen, opening up opportunities for biologists and environmental consultants from the islands.
- Belize: Focused on the sustainable tourismThis project seeks the energy and digital modernization of border points, applying solutions of Smart Cities and water efficiency.
The framework will initially extend until the year 2026, with the possibility of extension, consolidating Proexca as the implementing arm for the external growth of the Canary Islands business fabric under the umbrella of multilateral organizations.
Key points and frequently asked questions about the Canary Islands-BCIE agreement
What advantages does this agreement offer to Canary Islands SMEs?
It allows small and medium-sized enterprises to access international tenders with the payment guarantee and legal security provided by a multilateral financial institution such as the BCIE.
Which sectors are priorities for this technical assistance?
The funds finance projects in areas of , the environment, blue economy, urbanism e infrastructure, where he technical know-how Canary is highly valued.
What is the geographical scope of this alliance?
The agreement facilitates the positioning of companies in strategic markets of Central America and the Caribbean Sea, including countries like Guatemala, Honduras, Costa Rica, Panama, Dominican Republic, Colombia y Belize.
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