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 connecting opportunities at the VIII Meeting of Spanish bidding companies
Madrid, February 07, 2024.- With notable participation, the Central American Bank for Economic Integration (CABEI) shared its experience in best practices in procurement processes within the framework of the VIII Meeting of Spanish bidding companies, inaugurated today at the Palacio of Congresses in Mérida, Badajoz.
During his intervention at the round table “Opportunities in the Multilateral Market in Latin America”, the of CABEI Country Representative for Spain, Mauricio Chacón had the privilege of actively contributing to the discussions and strategic collaborations that characterized this important meeting.
In this context, the official commented: "Our participation reflects the commitment to excellence, while exploring new business opportunities and consolidating key relationships with other organizations in the sector."
The event organized by Extremadura Avante, with the collaboration of ICEX Spain Exportation and Investments, the regional organizations for the promotion of business internationalization and the chambers of commerce that participate in the Multilateral Working Group; brought together a select group of leading companies in the field of bidding processes, offering a unique platform for the exchange of ideas, experiences and best practices in the sector.
CABEI reaffirms its position as the most relevant multilateral for its member countries, ready to address the challenges presented by the dynamic bidding market in the Central American region with the world.
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