Panama became a non-founding regional CABEI member in 2007. At the close of 2020, it had a shareholding of 4.84% and US$ 64.00 million in capital contributions.
Its subscribed capital is US$ 358.40 million. Between 2016-2020, Bank approvals to the country reached the US$ 1.8 billion, while disbursements for that same period totaled US$ 1.7 billion. Specifically in 2020, CABEI channeled approvals amounting to US$ 400.0 million and disbursements totaling US$ 738.0 million to meet the population’s needs stemming from the COVID-19 emergency and to support economic recovery.
CABEI reaffirms its commitment to the Panamanian and regional electricity market
The multilateral’s Executive President, Dante Mossi, participated in the event "Panama's Electricity Market: Challenges and Perspectives".
Panama City, September 29, 2022 - Reiterating the commitment established through its 2020-2024 Institutional Strategy regarding energy diversification, the President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, participated as a speaker in the event "Panama's Electricity Market: Challenges and Perspectives."
According to the CABEI, the modernization of the sector is a regional priority, which is why it seeks to contribute to improving efficiency and reducing related costs, as well as to promote spaces to propose an energy strategy that includes the diversification of energy sources to transition to a renewable matrix and contribute to the reconversion of the sector's generation, transmission and administration model.
"Energy is vital for promoting the development and growth of countries and their populations, which is why CABEI has set out to minimize the barriers that prevent us from carrying out regional projects through agreements between countries. An example of this is the Electrical Interconnection System for Central American Countries I (SIEPAC), which aims to facilitate a more competitive energy base for the region,” said CABEI Executive President, Dr. Dante Mossi.
The event was also attended by representatives of the government sector and private companies and addressed topics such as new tenders and investment projects, innovation trends to support the energy transition, as well as the country's electricity market regulations.
