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 grants the DR US$500,000 in non-reimbursable cooperation to help those affected by Hurricane Fiona
Mérida, Yucantán, September 21st, 2022. The Central American Bank for Economic Integration (CABEI) approved US$500,000 in emergency and natural disaster aid to the Dominican Republic to help mitigate the negative effects caused by Hurricane Fiona, a natural phenomenon that caused losses and damage to the population and their livelihoods.
"We express our solidarity with the families affected by the heavy and constant rains caused by this climatic event. With this aid, CABEI seeks to collaborate with the authorities' efforts to mitigate the damage and contribute humanitarian assistance to the affected population," commented CABEI Executive President, Dr. Dante Mossi.
He also added that the region faces frequent climate crises that lead to disasters and emergencies, and the Bank will continue to support its member countries in taking measures for prevention, response, mitigation and recovery in order to guarantee the lives and safety of their citizens.
These resources will be executed by the Dominican Republic Government who will coordinate the activities contemplated as part of this donation, which could include: purchase of food, clean water and basic necessities, purchase of medicines, supplies for shelters, infrastructure repairs, among other needs required to address the emergency.
