CABEI, the bridge between the Republic of Korea and Central America.

Korea is CABEI’s most recent extra- regional member, having finalized its incorporation process in 2020. It is the extra-regional member with the second largest shareholding with 7.67%, a subscribed capital of USD630.00 million and capital contributions of USD33.75 million. The country actively supports Central America through various financial contribution contracts for an amount of USD800.0 million. During 2020, the Bank contracted an On-Lending Facility with the Export-Import Bank of Korea (KEXIM) for USD50.0 million to finance operations under the COVID-19 Emergency Support, Preparedness, and Economic Reactivation Program. Likewise, on August 19 of 2020 a USD 50 million contribution was received by the Korea-CABEI Partnership Single Donor Trust Fund (KTF). A second contribution was received in 2021 for the amount of USD 10 million.

In 2022, CABEI opened its representative office in the Republic of Korea located in the International Finance Center (IFC), Yeouido, Seoul, Korea.

CABEI participates in conference on women's empowerment organized by its partner the Republic of China (Taiwan)

15/02/2023

At the International Cooperation and Development Fund's (TaiwanICDF) "Empower Women, Empower LAC," ideas on how to accelerate financing for women entrepreneurs in the region were discussed.

Taipei, February 15th, 2023.- TheCentral American Bank for Economic Integration (CABEI) participated in the conference "Empower Women, Empower LAC (Latin America and the Caribbean)," organized by the International Cooperation and Development Fund (TaiwanICDF) in Taipei, with the objective of exchanging points of view on gender equality and the empowerment of women, as well as the support that the Republic of China (Taiwan) and other strategic partners can provide so that Central American micro, small and medium-sized enterprises (MSMEs) led by women can access credit.

CABEI Country Representative Officer in the Republic of China (Taiwan), Rosemary Yung-Hsin Wang, participated in the panel "CABEI, promoting the financial inclusion of women," in which she highlighted TaiwanICDF's cooperation with the Financial Sector Support Facility for MSMEs affected by COVID-19, This program was launched by CABEI a few weeks after the start of the pandemic in the region and, among other positive impacts, channeled resources to women entrepreneurs through intermediary financial institutions to help them preserve, restore and generate new jobs.

CABEI Executive President, Dr. Dante Mossi, said, "Gender equity is one of our cross-cutting themes and that is why we consider it necessary to work with our allies to promote gender equality as a fundamental human right, since it is also a fundamental element in achieving the empowerment of women and girls in order to foster economic growth and promote equitable social development in our region.

Participating in the same session were: the Presidential Delegate of the Ciudad Mujer Program of Honduras, Tatiana Lara; the Executive Director of the Pan American Development Foundation (PADF), Katherine Taylor; the Vice-Minister of Development of MSMEs of the Ministry of Economy of Guatemala, Fernando Antonio Escalante Arévalo; the founder of "My Crown of Curls" of St. Vincent and the Grenadines, Ranique R. John; the president of the Academy of Banking and Finance of Taiwan, Hank C.C. Huang; the General Director of the Department of Commerce of Taiwan's Ministry of Economic Affairs, Wen-Ling Su; the Director of the TaiwanICDF's Lending and Investment Department, Shih-Hung Liu; and the chairman of E.SUN Commercial Bank of Taiwan, Joseph N.C. Huang.