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’s Board of Directors approves resources for US$130.0 million with the Republic of China (Taiwan)
The resources may be used in MSMEs affected by COVID-19 and public sector projects in Guatemala, Honduras, Nicaragua and Belize.
Tegucigalpa August 25, 2020. - The Board of Directors of the Central American Bank for Economic Integration (CABEI) approved today the signing of two loan contracts for an aggregate amount of US$130.0 million with the International Cooperation and Development Fund (TaiwanICDF) of the Republic of China (Taiwan).
The resources of both contracts will be used to finance eligible operations under the Emergency Support and Preparedness Program for COVID-19 and Economic Reactivation approved by CABEI on March 31, 2020.
The first contract for an amount of up to US$50.0 million will allow CABEI to finance eligible operations within the framework of Component 3 called “Credit for Public Sector Operations Financing” of the Republics of Guatemala, Honduras, Nicaragua and Belize.
The second contract for an amount of up to US$80.0 million will allow CABEI to finance eligible operations within the framework of Component 5 called “Facility to Support the Financial Sector for the Financing of Micro, Small and Medium-sized Enterprises (MSMEs) affected by the COVID-19 crisis”.
CABEI’s Executive President, Dr. Dante Mossi highlighted the importance of the Republic of China (Taiwan) for CABEI in its mission to contribute to the balanced economic and social development of the Central American region. The cooperation that this country has provided through the Bank has focused on areas such as Food Security, Agricultural Sector, Education, and MSMES Financing.
The Republic of China (Taiwan) is the extra-regional partner with the highest CABEI shareholding with 10.77%. Its participation demonstrates its commitment to the Central American region, which is confirmed by the two loan contracts approved today.
