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 highlights contribution of its partner, the Republic of China (Taiwan), to the Central American region during international event in Taipei
International Organizations Day-Taiwan’s Helping Hand 2023 was held recently at the historic Taipei Guesthouse.
Taipei, December 4th, 2023 - In order to raise awareness of the contribution of the Republic of China (Taiwan) to the Central American region thanks to its alliance with the Central American Bank for Economic Integration (CABEI), the multilateral organization participated in the exhibition "International Organizations Day-Taiwan's Helping Hand 2023", organized by the Ministry of Foreign Affairs (MOFA).
The Bank had a stand where it provided details to attendees on the extensive collaboration provided by Taiwan on issues such as the fight against poverty, food security, education, the agricultural sector, financing for micro, small and medium-sized enterprise (MSME) programs, agribusiness, the coffee producing sector affected by stem rust, export promotion and forestry and industrial development, and how this has contributed to countries in meeting the Sustainable Development Goals (SDGs).
The event was recently held at the historic Taipei Guesthouse, and attracted more than 500 domestic and international attendees. In addition, 18 international agencies, government entities and organizations, such as World Vegetable Center (WorldVeg), Food and Fertilizer Technology Center (FFTC), European Bank for Reconstruction and Development (EBRD), Asia-Pacific Economic Cooperation (APEC), World Trade Organization (WTO) and others participated in the event.
During the event, CABEI invited Guatemalan students to present Central American dances and songs at the opening and closing ceremonies in order to make the region's culture visible to the public from different parts of the world.