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.
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).
