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 participates in information session for companies in Castilla La Mancha
Madrid, March 27th, 2023.- The Central American Bank for Economic Integration (CABEI) organized an information session this Monday in the Auditorium of the Royal Foundation of Toledo, Spain with the objective of informing Spanish bidding companies about the Bank's business processes and facilities.
During the session, CABEI's Executive President, Dr. Dante Mossi, commented that "this exchange is extremely important because it allows the Bank's financial modalities and instruments to be shown to bidding companies from Castilla-La Mancha and opens the doors to generating business with the Central American region."
The day began with a presentation by CABEI Country Officer Mauricio Chacón, who explained CABEI's background, its programs and projects, as well as its financing mechanisms. The welcome was offered by the Director of the Institute for the Promotion of Foreign Trade of Castilla-La Mancha (IPEX) and Violeta Lapascu, Head of Industrial Goods at IPEX, also participated.
As part of this first meeting aimed at generating a business collaboration agenda for development, companies related to technology and innovation were present.
The meeting took place within the framework of CABEI's first Board of Directors meeting at its recently inaugurated office in Madrid
