CABEI promotes development opportunities for Central America with the support of the Republic of China (Taiwan)
Two projects have financing approved for implementation, and five have feasibility studies.
Tegucigalpa, August 11th, 2022. – Reaffirming its role as the bridge of opportunities between the region and the world, the Central American Bank for Economic Integration (CABEI) conducted a work tour in the Republic of China (Taiwan), its first extra-regional member, to promote greater opportunities for the benefit of the region through important meetings with public and private sector authorities.
Among them, the President of the Republic, the Ministers of Foreign Affairs (MOFA), Finance (MOF), and the Governor of the Central Bank of the Republic of China (Taiwan), with whom alternatives to promote the sustainable development of strategic sectors for the region such as micro, small and medium-sized enterprises (MSMEs), health, education and training, agriculture and housing, among others, were identified.
This was made known by CABEI's Executive President, Dr. Dante Mossi, in a conversation with the regional press, to whom he explained that one of the results of the bilateral meetings was the signing of an agreement with the MOFA for the implementation of a regional program focused on supporting women's entrepreneurship and employment, through US$10.0 million in financing that will allow intermediary financial institutions to support women's entrepreneurship, combining loans and easy-access credit guarantees.
"The support of the Republic of China (Taiwan) has been fundamental; for three decades we have joined forces to be the bridge between this country and our region. Since then, CABEI has channeled US$267.0 million reimbursable funds and US$9.7 million non-reimbursable funds through various projects that are now bearing fruit and have helped to improve the quality of life of hundreds of people," said Mossi.
As part of the tour, the mission also visited the leading Taiwanese company in the manufacture of electric mobility technologies Trone Energy, in order to support the countries of the region in the identification of viable technologies that facilitate the transition to sustainable, safe and efficient transportation.
The Republic of China (Taiwan) has the largest shareholding in CABEI (11.42%), with a capital of US$776.3 million, making it one of the extra-regional members of the multilateral development institution that most supports the countries of the region.