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.
Belize receives donation of 816,480 face masks through the Korea Single Donor Trust Fund - CABEI (KTF)
Belmopan, October 29, 2021. – This Friday, the Republic of Belize received a donation of 816,480 Korean KF-94 face masks from the Central American Bank for Economic Integration (CABEI) and the Republic of Korea, within the framework of the CABEI-Korea Single Donor Trust Fund (KTF).
The supplies, with an equivalent value of US$330,000 (BZ$660,000), will be used to protect the personnel of the country's health sector's governing areas and distributed by the Health and Welfare Ministry.
CABEI Executive President, Dr. Dante Mossi, highlighted: "as part of CABEI's efforts to support the prevention of the effects of the pandemic in our region, today we are pleased to materialize this support from the Republic of Korea, joining efforts to safeguard the population in times of emergency such as the one we have been facing".
The virtual event was attended by CABEI Executive President, Dr. Dante Mossi, CABEI Director for Korea, Mr. Dongjoon Kim, the Director of the Belize Ministry of Finance, Economic Development and Investment, Dr. Osmond Martínez, and the Director of the Ministry of Health and Welfare, Dr. Deysi Mendez, in addition to CABEI's Finance Manager and Deputy Public Sector Manager, Hernán Alvarado and Javier Rodríguez.
This initiative is part of a Korea-CABEI Single Donor Trust Fund (KTF) grant of up to US$3.0 million for the benefit of nine countries in the region.
