Fund for the Economic and Social Development of Central America
Fonds pour le développement économique et social de l'Amérique centrale
Fondo para el Desarrollo Económico y Social de Centroamérica (FONDESCA)
Feb 1986, by Board of Governors of F-XF0230 - Central American Bank for Economic Integration (CABEI), as a temporary organism to allow access to the Bank to countries outside the region of F-XF6292 - Central American Common Market (CACM). Was also referred to in English as Central American Fund for Economic and Social Development. Draft amendments to CABEI's Constitutive Agreement to allow incorporation of extra-regional members approved by the Bank's Board of Governors, May 1986. Ceased to exist on coming into force of 'Protocol of Reforms to the Constitutive Agreement' of CABEI, Jan 1992.
Act as an instrument part of CABEI's patrimony, for the purpose of permitting extra-regional countries to participate in it. Constitutive Agreement establishing the Bank undergoes modification in order to authorize the opening of the Bank's capital to extra-regional members.
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