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.
President Mossi promotes investment in Colombia
The visit aims to strengthen alliances and attract new investments for the Central American region.
Tegucigalpa, July 19, 2019.- The working tour of the Executive President of the Central American Bank of Economic Integration (CABEI), Dr. Dante Mossi, to Bogotá, Colombia culminated with the consolidation of significant opportunities for the region.
The visit started yesterday with a meeting with executives from Grupo MECO Constructores to learn about the experience of the Costa Rican company investing in Colombia specifically with the Altos del Magdalena project, which at the end of July will close with 99 percent progress and operations underway. Likewise, Dr. Mossi learned about Colombia’s project portfolio and the Private Initiative under the concession regime in Costa Rica denominated, "Florencia del Castillo Highway."
During the same morning, President Mossi met with the President of Financiera de Desarrollo Nacional, Francisco Javier Gómez, with whom he talked about the current state of the Bogota Metro and about experiences of the organization to promote alliances for the development of integration projects.
Subsequently, he held a meeting with the Mayor of Bogota, Enrique Peñalosa Londoño, and the President of the Council of Bogota, Nelly Patricia Mosquera, with whom he exchanged impressions on issues related to the country's energy transformation and public transportation.
The work agenda of Dr. Mossi continued today with a visit with the Colombian Minister of Finance and Public Credit, Alberto Carrasquilla, with whom he addressed the expectations of the Electrical Interconnection System of the Central American Countries (SIEPAC) project, prioritizing the electric interconnection between Panama and Colombia.
During his presentation, Mossi explained that CABEI is focused on a new strategic vision that seeks to provide solutions to the great challenges of the region's inhabitants. At the same time, he reflected on how successfully the Bank has committed itself to the fulfillment of the Sustainable Development Goals (SDGs) contemplated in the 2030 Agenda.
Dr. Mossi concluded his tour to Colombia, which has been a CABEI member country since 1997, with a working session with Minister of Culture, Carmen Inés Vásquez Camacho, with whom he shared the Bank's interest in promoting the orange economy in the Central American region. It was also agreed to sign an understanding agreement between both entities in order to strengthen and attract investment in the educational sector to boost the human and social development of the inhabitants of the region.
CABEI with Colombia
CABEI's last approvals to Colombia total US$236.0 million. Noteworthy projects are as follows: Alto Magdalena Road Corridor Concession Honda-Puerto-Salgar-Girardot. In addition, two global credit lines were approved; one with the Financiera de Desarrollo Territorial and another with Financiera de Desarrollo Nacional.