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 supports the integration and development of the region
The Executive President of the Central American Bank for Economic Integration Dr. Dante Mossi participated at the SICA Summit held in Guatemala.
Guatemala City, June 5, 2019.- In his participation at the LIII Meeting of Heads of State and Government of the Central American Integration System (SICA), the Executive President of the Central American Bank for Economic Integration (CABEI) Dr. Dante Mossi shared the Bank's most recent achievements, as well as the regional impact initiatives to be developed in the future in order to build a united and stronger region.
In his speech, he highlighted that the financing provided by CABEI to programs and projects in road infrastructure, health services, water, education, agricultural development and the Micro, Small and Medium Enterprise (MSME) sector have benefited approximately 5 million people.
In this regard, he pointed out that CABEI executes 22 regional programs linked to the sectoral priorities identified in the framework of regional development strategies and policies formulated by the SICA bodies.
Transforming the region's economic and social physiognomy
Dr. Mossi stated that, "Among the major objectives to be achieved in the next five years, CABEI has set out truly transformative regional projects in the economic and social aspects of the region." In this context, he cited the projects of the Gulf of Fonseca; the Customs Union between Guatemala, Honduras and El Salvador; the construction of a railway; and the regional gas pipeline.
With regard to sustainable development, he explained that, "CABEI will continue to strengthen its commitment to the conservation of the planet, recalling that in the recent Governors Meeting, a resolution of principles was approved to support climate change adaptation and mitigation, specifically declaring that CABEI will refrain from financing projects related to the extraction and generation of energy based on mineral coal."
Finally, the CABEI Executive President said that, "The transformation of the economic and social features of the region is an opportunity for countries to move in the same direction and work to implement strategies in order to achieve greater integration.”
