CABEI to hold 63rd Board of Governors meeting in the Dominican Republic

Tegucigalpa, May 02, 2023.- Punta Cana will host the LXIII Ordinary Meeting of the Board of Governors of the  Central American Bank for Economic Integration (CABEI), which will be held on May 12 as part of the annual session to analyze the progress of the multilateral's Institutional Strategy, as well as the current challenges and trends in the economy and finances affecting the region.

The governors, who are the top representatives of the 15 CABEI member countries, are the ministers of Economy, Treasury, Finance and Central Banks, and on the session's agenda, they are expected to review the Bank's contribution to regional economic and social development and integration efforts.

"This will be a great opportunity to share with the governors the coordinated work we have carried out over the past year as a multilateral development institution, as well as the support we can offer the countries in the face of new challenges," said CABEI Executive President, Dr. Dante Mossi, who will lead the session.

CABEI is the main source of multilateral financing for development in the Central American region. In 2022, it supported various projects through innovative operations and products that amounted to US$4,290.0 million in approvals, while disbursements amounted to US$2,163.9 million. By 2023, approvals are estimated at US$3,300.0 million and disbursements at US$2,050.2 million.

The Board of Governors sessions are preceded by a solemn opening session, to which the President of the Dominican Republic, Luis Abinader, is invited to inaugurate.