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 and COFIDES to intensify collaboration to support projects in Central America
CABEI and COFIDES leaders, Dante Mossi and José Luis Curbelo, hold a work meeting in Madrid.
Madrid, February 13th, 2023.- The Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, led the meeting held today with the President of COFIDES, José Luis Curbelo, to articulate actions aimed at contributing to the sustainable development of the countries in the region.
During the meeting, President Mossi said, "this meeting represents a new step forward in promoting cooperation to increase direct investment in Latin America and the Caribbean."
For his part, COFIDES president, José Luis Curbelo, expressed the company's interest in continuing to support the Central American region in priority development sectors such as infrastructure, sustainable mobility, renewable energies, and financial inclusion.
This meeting took place within the framework of a series of visits and meetings in connection with the inauguration of the CABEI Representative Office in Madrid, with the participation of COFIDES General Director Miguel Tiana and CABEI officials, who agreed to continue working closely on the dissemination of the financial instruments available to them and the identification of potential projects.
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