CABEI, the bridge between the Republic of Korea and Central America.
Korea is CABEI’s most recent extra- regional member, having finalized its incorporation process in 2020. It is the extra-regional member with the second largest shareholding with 7.67%, a subscribed capital of USD630.00 million and capital contributions of USD33.75 million. The country actively supports Central America through various financial contribution contracts for an amount of USD800.0 million. During 2020, the Bank contracted an On-Lending Facility with the Export-Import Bank of Korea (KEXIM) for USD50.0 million to finance operations under the COVID-19 Emergency Support, Preparedness, and Economic Reactivation Program. Likewise, on August 19 of 2020 a USD 50 million contribution was received by the Korea-CABEI Partnership Single Donor Trust Fund (KTF). A second contribution was received in 2021 for the amount of USD 10 million.
In 2022, CABEI opened its representative office in the Republic of Korea located in the International Finance Center (IFC), Yeouido, Seoul, Korea.
Authorities of the Government of the Republic of China (Taiwan) visit CABEI Country Office in Taipei
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CABEI, as the bridge of opportunities between the region and the world, strengthens cooperation and friendship ties with the Asian continent.
Tegucigalpa, July 22st, 2021.- Distinguished authorities and representatives of the Government of the Republic of China (Taiwan), such as the Minister of Finance Dr. Jain-Rong Su; the Vice President of the Central Bank, Mr. Nan-Kuang Chen; and the Ministry of Foreign Affairs' Director of International Organization (MOFA), Sharon S. N. Wu visited the recently inaugurated Country Office of the Central American Bank for Economic Integration (CABEI) in Taipei.
CABEI Executive President, Dr. Dante Mossi indicated that this office aims to promote trade, investment, technology and innovation. "We are very honored by the expressions and good wishes of our counterparts in Taipei, as well as by the trust placed in CABEI to contribute to the integration and economic growth of the Central American region," he said.
Finance Minister Dr. Jain-Rong Su took advantage of his visit to express congratulations from President Tsai Ing-wen and Prime Minister Su Tseng-chang, while Central Bank Vice President Nan-Kuang Chen expressed his hope that the office will function as a platform to create a connection between Taiwanese investment and the Central American region.
On his part, Vice Minister Mr. Amb. Alexander Tah-Ray Yui and Ms. Sharon S. N. Wu, Ministry of Foreign Affairs' Director of International Organization (MOFA) confirmed their support to the cooperation programs for the benefit of the Bank's member countries.
After years of sustained growth, CABEI opened this representative office in the Republic of China (Taiwan), the eighth with which the Bank expands with a vision of innovation through teamwork, technology integration and a focus on preparing initiatives for the Central American countries.
