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 promotes business collaboration between Central America and Europe
The multilateral participated in the "Multilateral Networking Meeting: Opportunities in Central America for the companies of Castilla and León".
Madrid, October 2nd, 2023.- As the multilateral institution that provides the largest amount of resources to promote economic growth and well-being in the Central American region, the Central American Bank for Economic Integration (CABEI) participated in the "Multilateral Networking Meeting: Opportunities in Central America for companies in Castilla and León" in Spain, organized by the Institute for Business Competitiveness (ICE).
At the meeting, whose objective was to identify investment opportunities between Central America and Europe, the multilateral organization demonstrated its track record and experience in implementing programs and projects that contribute to diversifying economic activities, strengthening regional integration, improving social cohesion, and boosting economic growth and job creation in both regions.
Representing CABEI were CABEI Country Representative in Spain, Mauricio Chacón, and Finance Executive, Alberto Cabezón, who took the opportunity to highlight Central America as a developing economy that presents ongoing investment opportunities for Spanish companies.
Since 2005, with the incorporation of Spain as a CABEI member, the institution has been a key bridge between Central America and Europe, promoting sustainable development and transatlantic business collaboration.
