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 opens spaces for regional cooperation and integration to promote education and culture
Tegucigalpa, April 25th, 2022 – During the "United for Integration and Development" meeting this Monday, the Central American Bank for Economic Integration (CABEI) presented to ambassadors and members of the Diplomatic Corps Accredited in Honduras the realization of a cultural exchange event among its partner countries.
In this regard, CABEI Executive President, Dr. Dante Mossi, pointed out, "We are jointly responsible for strengthening regional cultural heritage, and with initiatives such as this one, we promote increased levels of cooperation and the integration of our partner countries in the areas of education and culture."
Considering that the region is rich in culture, CABEI will develop a cultural exchange event with the objective of promoting a space that exhibits and reflects the gastronomy, traditions, customs and beliefs of its member countries.
The cultural activity is aimed at promoting pride in our roots and reaffirming the value of Central American identity; in this sense, it will allow for the exhibition and marketing of local products.
Among the experiences that will be offered to attendees we expect to have tasting of regional cuisine, exhibition of folkloric dances, music, poetry, painting, crafts, among others.
