Each year, the Governors Meeting (GM) brings together the Bank's governors, directors and senior management and is held in the country of the titular governor who presides over it. At each meeting, decisions are made that define the path to follow in order to fulfill the Bank's mission. The actions that emanate from these decisions, which mark milestones regarding institutional growth, are aimed at strengthening and promoting the growth of the Central American region. The following include some of the most significant achievements.
During the 60th Ordinary Meeting of the Board of Governers, which was held virtually, the conclusion of the process of the VIII capital increase, from US$5 billion to US$7 billion, was announced and the new 2020-2024 Institutional Strategy that will serve as the action plan for the next five years was presented.
The Board of Governors of the Central American Bank for Economic Integration, within its 58th Ordinary Meeting held in La Romana, Dominican Republic, approved to increase its authorized capital from US $ 5,000 million to US $ 7,000 million in order to strengthen the credit and financial profile of the institution.
The meeting was held in Panama and marks a milestone that will contribute to the Bank's constant evolution. As a result of the vision of the Bank's Governors, the official signing of the increase in the capital share of Panama was made, reaching a total subscription of US$255.0 million. The signing ceremony included the participation of Panamanian President, Mr. Juan Carlos Varela, as honor witness.
The city of Medellin, Colombia was the host of the 55th CABEI Governors Meeting. The Bank's highest authorities followed a line of work based on an analysis of the challenges faced by the economies of the region; possible and new CABEI investments; and regulations for the admission of non-founding regional members and for the admission of non-regional members.
The meeting, which was held in the city of San José, Costa Rica, included a round of discussions regarding important initiatives to streamline the development and integration of the Central American region. Prior to CABEI's 54th Ordinary Governors Meeting the "High Level Regional Forum: Global Change, Risks and Opportunities for the Central American Region" was inaugurated.
Held in the city of San Salvador, El Salvador, CABEI's 53rd Ordinary Governors Meeting reaffirmed the Bank's role as the main provider of financial resources for the development of Central America. At the meeting, actions to improve the quality of life of the 50 million inhabitants of the isthmus were established.