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.

President Mossi receives delegation from the Korea-Honduras Parliamentary Friendship Group

30/01/2023

The meeting reaffirms CABEI's efforts to strengthen the Republic of South Korea's relationship with the Central American region.

Tegucigalpa, January 31TH  2023 - On Monday afternoon, the Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, received a delegation from the Korea-Honduras Parliamentary Friendship Group to discuss the impact of Korea’s contribution to Honduras and the region.

President Mossi thanked the congressmen for their visit and highlighted the historic collaboration with the Bank. "We are honored to receive this distinguished delegation which symbolizes the shared friendship and cooperative values that have further united CABEI with this partner country."

Accompanied by South Korea's CABEI Director Dongjoon Kim and CABEI officials, President Mossi commented that "since Korea joined the Bank as a member country in such a short time, the impact of its contribution has had a significant impact on the region, for example with the Korea-CABEI Partnership Single Donor Trust Fund (KTF), a tool through which CABEI has promoted around 30 technical cooperation projects. The congressional delegation on their return to Korea, pledged to support all on going and future initiatives with CABEI. The delegation asked President Mossi for support in Korea’s bid for the World Expo 2030 to which President Mossi also pledged his support for this endeavor.

The KTF has recently approved technical cooperation for feasibility studies for projects such as, the modernization of the medical university campus of the National University of Honduras, Air Cargo, the Costa Rican Government Complex and a connectivity project in the Dominican Republic.

The strategic dialogue addressed topics of interest such as Korea's support for CABEI's capital increase, the opportunity to implement new programs and projects, and the promotion of regional trade.