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 the renowned IE Business School meet in Madrid
Madrid, February 14th, 2023 - Issues such as innovation, entrepreneurship and actions developed by the Central American Bank for Economic Integration (CABEI) in the region, as well as possible study and professional training opportunities for Central Americans at one of the most important business schools in the world, were discussed during a visit by a CABEI delegation to the IE School of Politics, Economics and Global Affairs located in Madrid, Spain.
"This important meeting was held within the framework of a series of meetings related to the inauguration of the CABEI Madrid Representative Office to analyze, together with IE authorities, some agreements and steps we can take to work together for the benefit of Central Americans," said CABEI Executive President, Dr. Dante Mossi.
During the visit, CABEI representatives had the opportunity to visit and tour the business school's facilities with Laura Thompson, Director of IE's new Centre for Innovation on Global Politics and Economics; Carlos Luca de Tena Piera, Executive Director of IE's Center for the Governance of Change; Jaime de Aguinaga, Vice Rector of Strategy and Development at IE; and Germán Ríos, Director of the Latin America Observatory at IE University.
EI Business School, part of IE University, has become a world pioneer in higher education throughout its 50-year history, offering innovative and humanitarian education with an entrepreneurial emphasis to a diverse student body.
