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 seeks to promote the State of Qatar’s investment and cooperation with the SICA region
Tegucigalpa, July 20, 2018.- The Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Nick Rischbieth, undertook a mission to the State of Qatar to promote the investment opportunities offered by the Central American Integration System (SICA) region.
Dr. Rischbieth held a meeting with the Secretary General of the Ministry of Foreign Affairs of the State of Qatar, Dr. Ahmed bin Hassan Al Hammadi and with the Deputy Minister of Finance of the State of Qatar, Mr. Kalaf Ahmed Sh. Al-Mannai, with whom he spoke openly about options to boost trade between Qatar and the SICA countries through investments in strategic sectors such as energy, transport, telecommunications and agriculture, among others that are of interest to both parties.
In this regard, Dr. Rischbieth explained the facilities and diverse mechanisms offered by CABEI to channel investments and external cooperation resources to implement economic growth projects and programs, in its role as the main source of multilateral financing for the development of SICA countries.
CABEI's President spoke about the Bank's competitive advantages and strengths, its wide network of strategic alliances with international partners, and its financial soundness as it becomes the entity with the best credit risk in Latin America.
CABEI's visit coincides with Qatar's opening relations with the SICA countries, which have been strengthened by that country's accession as an observer to SICA in 2016, and the opening of diplomatic missions in several Central American and Caribbean countries in recent years. Qatar has also contributed to the achievement of the Sustainable Development Goals (SDGs) in the least developed countries by providing Official Development Assistance as a member of the Development Assistance Committee of the Organization for Economic Cooperation and Development (OECD).
