Colombia joined CABEI as an extra-regional member in 1997. It holds 3.07% of the Bank's shareholding and at the close of 2020, it had an authorized capital of USD203.00 million with capital payments of USD36.25 million. During 2020, CABEI support to the country was aimed at addressing the COVID-19 pandemic and the effects of hurricanes Eta and Iota.
CABEI supports Colombia after avalanche in Mocoa
CABEI regrets the tragedy and granted US$250 thousand in non-reimbursable financial cooperation to the Government of Colombia.
Tegucigalpa, April 6, 2017. - The Central American Bank for Economic Integration (CABEI) granted US$250 thousand in non-reimbursable financial cooperation to the Government of Colombia in order to mitigate damages caused by the avalanche in the community of Mocoa, which killed more than 300 people.
Faced with the disaster, CABEI Executive President, Dr. Nick Rischbieth, regrets the tragedy and explained that the donation seeks to contribute to solving the problems generated by the catastrophe.
Colombia has been a non-regional member of the Central American Bank for Economic Integration since 1996.
In 2016, CABEI disbursed a total of US186.0 million to Colombia. Noteworthy is the use of US$50.0 million to finance programs in the framework of the Global Credit Line scheme and US$136.0 million for a project to construct, rehabilitate, improve, operate and maintain the approximately 194 km-long Honda-Puerto Salgar-Girardot highway corridor.
