Mexico has been a non-regional CABEI member since 1992 with an authorized stake of USD306.25 million in the Bank's share capital and capital contributions of USD76.56 million, ranking as the third largest shareholder within the group of non-regional members with 5.03%.
The contribution that Mexico channels to the Central American region through CABEI is based on various financial cooperation instruments with Banco Nacional de Comercio Exterior S.N.C. (Bancomext) for a total amount of USD520.8 million. The relationship between the Bank and this country was solidified in 2008 with the launching of the Central American Social Housing Development Program. It falls under the framework of the Mesoamerican Integration and Development Project (formerly Plan Puebla Panamá). Since that date, the Mexican government has made resources available to develop a sustainable market for long-term housing finance in the Central American region that addresses the housing deficit and future needs in this area. Throughout the Program's existence, 59 disbursements have been made through 14 intermediary institutions. In total, 192.7% of the initial financing available has been channeled, benefiting a total of 8,032 low- income households, which can now enjoy a more dignified home.
CABEI Executive President participates in spring meetings with the IMF and WB
CABEI highlights the strengths of the region's economy and its investment opportunities.
Tegucigalpa, April 12, 2019.- The Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, participated in Washington DC in the annual spring meetings of the International Monetary Fund and the World Bank Group; the event dealt with various issues of global importance.
In the framework of the visit, President Mossi took the opportunity to hold meetings with counterparts from international organizations, where he addressed issues that promote economic integration and the economic and social development of the Central American region.
The relevant aspects of his presentation focused on the relevance of the Bank and the consolidation its financial position and relevance by means of its international AA rating.
In relation to the projects, Dr Mossi promoted a regional agenda based on the portfolio of regional programs and initiatives, such as the Deep Customs Union, the Master Plan for the Development of the Gulf of Fonseca, SIEPAC and the Central American Sustainable Housing and Habitat Development Program.
CABEI seeks to expand business opportunities, commercial and financial cooperation and links with entities for the promotion of trade between the Central American region and other regions of the world.
