Commitment to the well-being of the region.
The Republic of China (Taiwan) joined CABEI in 1992 and is one of the Bank's first non-regional members; its incorporation enabled the Bank to issue and place its first bonds on the international market. At the close of 2021, it is the non-regional member with the highest shareholding (11.4%) with a subscribed capital of USD776.3 million and contributions amounting to USD133.6 million.
In the coordination of development projects, the Republic of China (Taiwan) cooperation for the region focuses on key areas for poverty reduction, such as food security, education, agriculture, Micro, small and medium-sized enterprises, agribusiness, coffee producing sector affected by rust, export promotion and forestry and industrial development.
As a relevant fact, in 2020, thanks to the alliance with its non-regional partner country, CABEI made it's 19th issue in the Taiwan capital market, historically totaling US$ 2.3 billion.
In 2021, CABEI opened its representative office in the Republic of China (Taiwan) located at the Taipei 101 building.
CABEI announces the opening of office in the Republic of China (Taiwan)
Given the adverse international economic context, CABEI will strengthen its presence to promote the region's competitiveness.
Tegucigalpa, April 01, 2020.- The Board of Directors of the Central American Bank for Economic Integration (CABEI) expressed its support for the opening of an office in the Republic of China (Taiwan) in order to promote the region's competitiveness, strengthen business relationships, promote and attract investment, manage potential members and contribute to the commercial trade of goods and services among the countries.
Taiwan, which has been a member of the Bank since 1992, was one of the first extra-regional members to join CABEI and has the highest contribution of subscribed capital among the extra-regional member countries.
CABEI Executive President, Dr. Dante Mossi, stated that, "This initiative reaffirms CABEI's commitment to continue supporting the countries of the region, especially in the face of adverse moments in the international economy, by providing an exchange of innovative financial products and services with the public and private sectors of each country and the region."
He added that, "It is also important to highlight the punctual support that the Republic of China Taiwan has given to the International Health Emergency, providing invaluable contributions to a number of the countries of the region in order to establish and strengthen actions to contain the Coronavirus pandemic."
Taiwan has a long history of supporting the region; it provided CABEI the opportunity to issue and place bonds for the first time on the international market. Through 2019, the Bank has made 18 issues for an amount of US$1.90 billion in the Taiwanese capital market. Similarly, it has made 8 issues in the Formosa market in Taiwan.
The cooperation that this country has provided through the Bank has focused mainly on such areas as Food Security, the Agricultural Sector, Education and MSMEs Financing. Likewise, it has integrated joint efforts with the International Cooperation and Development Fund (TaiwanICDF).