Panama became a non-founding regional CABEI member in 2007. At the close of 2020, it had a shareholding of 4.84% and US$ 64.00 million in capital contributions.
Its subscribed capital is US$ 358.40 million. Between 2016-2020, Bank approvals to the country reached the US$ 1.8 billion, while disbursements for that same period totaled US$ 1.7 billion. Specifically in 2020, CABEI channeled approvals amounting to US$ 400.0 million and disbursements totaling US$ 738.0 million to meet the population’s needs stemming from the COVID-19 emergency and to support economic recovery.
CABEI participates in the XLVII Meeting of Work Groups and Plenary of Representatives of the Latin American Financial Action Task Force (GAFILAT)
Panama City, August 10th, 2023. - As an observer member, the Central American Bank for Economic Integration (CABEI) participated in the XLVII Meeting of Work Groups and Plenary of Representatives of the Financial Action Task Force of Latin America (GAFILAT), which took place from July 18th to 21st, 2023 in Panama City with the purpose of promoting high levels of effectiveness in the countries' systems to combat money laundering, financing of terrorism and the proliferation of weapons of mass destruction.
The "Program to Strengthen the Anti-Money Laundering and Terrorism Financing (AML/TF) Systems of the countries of the region for the Fifth Round of Mutual Evaluations" was presented during the Meeting of the Training and Development Work Group (GTCD). The program is being financed by CABEI and seeks to strengthen prevention systems in preparation for the evaluations in 18 GAFILAT member countries, 11 of which are multilateral members.
CABEI's Risk Manager, Juan Mourra, Credit Manager, Randall Chang and the Head of the Integrity and Compliance Office, Rennie Valladares Alcerro, participated in this meeting on behalf of CABEI.
During the presentation of the Program, GAFILAT representatives highlighted CABEI's active role as an observer in supporting projects of this magnitude, and indicated that CABEI has become the financial institution with the most relevant contribution to the fifth round of mutual evaluations in Latin America.
CABEI reiterates its commitment to the region to combat financial crime and will continue to provide tools to important actors in the chain of the fight against money laundering and terrorism financing, scourges that have a negative impact on the well-being and quality of life of the region's inhabitants.
