Headquartered in Tegucigalpa, 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 enhance the capacity of BCIE member countries to effectively design, implement and manage public projects as well as public-private partnership initiatives.
It provides a new and strengthened cooperation framework to facilitate collaboration between UNOPS and the BCIE in three main areas: knowledge management, partnerships for development, and regional integration processes.
The agreement was signed in Tegucigalpa by BCIE Executive Vice-President, Mr. Alejandro Rodríguez and UNOPS Executive Director, Ms. Grete Faremo, who reaffirmed the commitment of both institutions to strengthen national capacities for the streamlined and transparent management of public procurement and infrastructure works.
"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," explained Mr. Rodríguez, stressing that: "This partnership will allow us to better work with member countries in the implementation of programmes and projects."
"This agreement marks a new period in the twenty-year collaboration between UNOPS and the BCIE," stated Ms. Faremo, adding that: "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."
The signing took place during the first leg of a regional visit by Ms. Faremo, who attended several high-level meetings and reiterated UNOPS commitment to assisting the people of Honduras by modernizing the country's public sector.
"It is a privilege for UNOPS to support Honduras in its efforts to improve the efficiency, effectiveness and transparency of its public sector, especially the health sector, as a means of fighting corruption," stated Ms. Faremo, following a meeting with the Honduran President, H.E. Mr. Juan Orlando Hernandez.
In 2014, by relying on UNOPS for rapid, transparent procurement services, the Government of Honduras purchased medicines and medical supplies at a reduced price, representing a savings of between 30 and 300 percent.