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 receives delegation from TECNIBERIA
They analyze the context of cooperation to promote investments that will help the region's development.
Madrid, February 15, 2023 - The Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, held a work meeting this Wednesday with the Spanish Association of Engineering, Consulting and Technological Services Companies TECNIBERIA, presided by Mr. Joan Franco.
During the meeting, the attendees learned first-hand about the new business opportunities that are opening up for Spanish companies in the Central American region with the upcoming opening of the Representative Office in Spain, located in this capital city.
CABEI's Executive President, Dr. Dante Mossi, highlighted that "the financial solutions promoted by the Bank represent a great opportunity to continue making Central America a benchmark for development, innovation and employment.
In this regard, Joan Franco, president of TECNIBERIA, said: "Spanish engineering companies have extensive experience in the countries in which the Central American Bank for Economic Integration operates, from the design, development and transformation of associated infrastructures with interests in the area and the technical team of both organizations.
