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.
With CABEI support, Honduran authorities receive training from Korean experts on redevelopment, social housing, and climate change
The workshop is being held within the framework of the Korea-CABEI Partnership Single Donor Trust Fund (KTF) in three countries in the region: Guatemala, Honduras and Nicaragua.
Tegucigalpa, July 20, 2022.- With the objective of exchanging experiences and high-level knowledge on urban development policies, smart cities and social housing resilient to climate change, the virtual workshop "Social Housing and Resilient Redevelopment in Honduras" was held on Tuesday, organized by the Central American Bank for Economic Integration (CABEI) and the Republic of Korea for delegates from the Honduran Social Investment Fund (FHIS) of Honduras.
CABEI's Executive President, Dr. Dante Mossi, said, "Our region is vulnerable to the effects of climate change and the effects of massive urbanization, which is why we are organizing these analyses and workshops with our extra-regional member Korea in three of our founding countries to advance the promotion of resilient social housing for the well-being of families. “
During the workshop, the public institution, Korea Land and Housing Corporation (LH), and a Korean consulting firm expert in urban research, HAN-A Urban Research Institute, presented to the participants a broad analysis of the country's situation, highlighting the review of existing policies and strategies for urban development and social housing supply, as well as suggestions through case studies based on Korea’s experience and that of other countries.
This workshop is being held in Guatemala, Nicaragua, and Honduras within the framework of a Korea-CABEI Partnership Single Donor Trust Fund (KTF) Non-Reimbursable Technical Cooperation, which aims to promote the adoption and use of Korean technologies and innovative solutions for activities executed by the Bank and its member countries in sectors relevant to the region's sustainability and development.