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.
An approach that promotes the Central American region
CABEI Executive President, Dr. Dante Mossi, "Our work towards the future will involve opening new opportunities for the countries of the region."
Tegucigalpa, February 14, 2019.- Today, the Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, begins a visit tour that aims to achieve greater rapprochement with several multilateral organizations and development financial institutions based in the United States and Europe.
The work tour will formally begin this Thursday with a series of meetings with officials of the Inter-American Development Bank (IDB), the International Finance Corporation, the International Monetary Fund, the Treasury Department of the United States of America, the World Bank (WB) and the Organization of American States (OAS).
It should be noted that CABEI, WB and IDB are part of a joint working group of OAS summits and share actions in other working groups or mechanisms at the international level.
During these meetings, President Mossi, stressed that the vision of his management is to publicize the results of CABEI, which has been a pioneer in the financing of regional development projects for its member countries.
According to the visit agenda, the activities in Europe include meetings with representatives of the Government of Germany through its KFW Development Bank, Federal Ministry of Economic Cooperation and Development of Germany (BMZ), General Directorate of the Treasury of France, French Agency for Development, Spanish Development Finance Institution, Spanish Agency of International Cooperation for Development, Spanish Institute of Export Credit Insurance, Official Credit Institute, Fund for the Promotion of Development and the Spanish Ministry of Economy and Competitiveness.
President Mossi added that, "Another objective of this tour is to increase relations with other multilateral entities operating in Central America in order to take advantage of synergies that generate greater impact on the region's development, in addition to promoting opportunities to develop new private sector projects in Central America, fostering its integration."
Dr. Mossi also indicated that he has proposed to continue the work of the institution in line with the required precautionary standards of integrity, transparency, equality, competition, due process and accountability.
