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.

CABEI and the Korean Ministry of Science and Technology will exchange knowledge and modern practices to promote sustainable development in the region

11/07/2022
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[Translate to English:]

Seoul, July 12 th, 2022. – The Central American Bank for Economic Integration (CABEI) signed a collaboration agreement with the Korean Ministry of Science and Information and Communications Technology to promote projects and programs that support the use and harnessing of technology in this sector for the region's development and integration. 

CABEI's Executive President, Dr. Dante Mossi, stated, "Today more than ever, we are committed to maximizing collaboration with our member countries by developing joint projects in the areas of science, innovation and renewable energy as an alternative for the better performance of the communities' economic and social strategies."  

For CABEI, it is of utmost importance to promote progress in the use of technology, since it has positive implications for the productive system of communications and human development. With Korea's support in this area, it will be possible to promote project feasibility studies, establish master plans and explore investment opportunities," said Mossi.  

It is important to mention that CABEI and the Ministry of Science, Information and Communications Technology of the Republic of Korea have already carried out joint work that has resulted in the accompaniment of Korean experts based in countries such as Costa Rica, where important seminars on computer cybersecurity have been held and they have shared their experience in this area with the Ministry of Science, Technology and Telecommunications.