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.
For the benefit of more than 3 million Dominicans, CABEI makes resources available to mitigate the effects of high fuel costs
The Program has a total availability of US$1,000.0 million for the countries of the region.
Santo Domingo, August 16th, 2022 - With the objective of mitigating the immediate effects of high fuel prices on end consumers and producers, the Central American Bank for Economic Integration (CABEI) approved an increase in its "Temporary Support Program for the Fuel Crisis" and US$200.0 million in financing for the Dominican Republic.
This initiative seeks to support the Dominican population by mitigating the effects of the fuel hike, which contributes to improve their quality of life by providing relief and growth opportunities. It also makes it possible to improve consumption and investment related to the country's development.
"CABEI supports our member countries by providing rapid responses to the circumstances we are currently experiencing. This operation has a direct impact on the economy of millions of Dominicans, generating savings that translate into improvements in their quality of life," said CABEI Executive President, Dr. Dante Mossi.
The resources are part of the "Temporary Support Program for the Fuel Crisis", recently launched by the multilateral organization, for the authorities of the region in the implementation of policies and temporary measures to stabilize fuel prices.
This operation is part of CABEI's 2020-2024 Institutional Strategy in the Sustainable Competitiveness axis that seeks to intervene in strengthening the economic, social and institutional factors that determine the region's competitiveness.
