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 allocates more funds to support the population affected by Hurricane Fiona in the Dominican Republic
This second donation of US$500,000 brings the multilateral's total to US$1.0 million to meet the population’s basic needs.
Tegucigalpa, October 17th, 2022.- In solidarity with the Dominican families who suffered damages during the passage of Hurricane Fiona, the Central American Bank for Economic Integration (CABEI), for the second time approved emergency and natural disaster aid for US$500,000 to the Dominican Republic.
"In difficult times, CABEI is present to support its member countries and joins in the solidarity aid that we know will support the families affected by this natural phenomenon so that they can cover their basic needs," said CABEI Executive President, Dr. Dante Mossi.
The resources will be used 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.
CABEI will continue to support its member countries with this type of emergency aid in situations of natural disasters in order to guarantee the lives and safety of citizens.
