Spain became an extra-regional CABEI member in 2005. At the close of 2020, it has a subscribed capital of USD280.00 million with capital payments of USD60.00 million and a shareholding of 4.23%.
The partnership between CABEI and Spain provides financial support to the Central American region through the signing of various financial cooperation contracts for an amount of USD546.7 million. Of these funds, USD408.4 million have been channeled through agreements signed with the Instituto de Crédito Oficial (ICO, Official Credit Institute) and the remaining USD138.3 million is provided by the Spain-Honduras Debt Conversion Agreement, held with the Ministry of Economy and Business. During 2020, a financing agreement was signed with ICO for an amount of up to EUR 100.0 million (USD112.5 million) to finance investment and/or liquidity and export/import operations of Spanish companies in CABEI member countries. The loan was signed on June 25, 2020 through a document sharing procedure. Likewise during 2020, a total of USD134.9 million was raised from ICO through the valid agreements between both institutions.
CABEI positions Central America as a region of opportunities at the FITUR tourism fair in Madrid
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CABEI's participation in FITUR aims to show the world the investment and business opportunities in Central America.
Tegucigalpa, January 19th, 2023.- During the panel held today "Digital & Sustainable: a look from Costa Rica", the Central American Bank for Economic Integration (CABEI), carried a strong message about investment and trade opportunities in the Central American region at Madrid’s 43rd International Tourism Fair (Fitur).
The CABEI delegation was presided over by the Chief Country Officer in Spain, Mauricio Chacón, who presented the range of financial products and services with which the Bank meets the priorities identified by its partner countries.
During its participation, CABEI took the opportunity to position Central America as a fertile area for increasing business opportunities in sectors such as tourism, tourism products and services, thus contributing to economic recovery.
CABEI promotes programs and projects aimed at micro, small and medium-sized enterprises (MSMEs), with significant financing for the regional tourism segment to encourage productive sectors and thereby increase competitiveness, productivity and employment generation.
CABEI is a multilateral institution with a strong commitment to environmental sustainability, providing financing for initiatives with a high social impact in order to achieve balanced development in the region.
