CABEI receives US$8.6 million in advance principal payments from the Republic of China (Taiwan)
Tegucigalpa, March 16th, 2022 – The Republic of China (Taiwan) reiterated its proven support for CABEI and its commitment to the Central American region by making, for the second time, the prepayment of the capital installments related to the two (2) capital subscriptions made within the framework of the Bank's VIII General Capital Increase for a total amount of US$8.6 million. In this regard, it is important to note that this country has been a member of the Bank since 1992 and holds the highest shareholding (11.42%) of any member, a key factor that has allowed CABEI to remain for several years as the highest rated entity in all of Latin America with an "AA" rating.
On March 16, 2022, the Republic of China (Taiwan) made cash payments of US$6.3 million and US$2.4 million, corresponding to the second of eight (8) annual, equal and consecutive installments of principal payable derived from the capital subscriptions made by said country within the framework of CABEI's VIII General Capital Increase, which became effective in April 2020. The aforementioned payments were to be made in May and July 2022, respectively.
CABEI Executive President, Dr. Dante Mossi, stated that this "demonstrates the strong support of the Republic of China (Taiwan), as well as its commitment and understanding of the needs of the Central American region and the Bank's role in promoting the region's economic and social development.
"I would like to thank and highlight the support that the Republic of China (Taiwan) has consistently shown to the Central American region through cooperation and financing in areas such as food security, agriculture, education, financing of the MSME sector, in addition to the creation of the International Cooperation and Development Fund (TaiwanICDF). I also reiterate our commitment to further strengthen our relationship based on tangible results for both Central American countries and the Republic of China (Taiwan)".
In July 2021, CABEI inaugurated its office in Taipei as the first CABEI representation in Asia, with the objective of promoting the region's competitiveness, consolidating the Bank's presence in Asian capital markets, attracting investment in priority areas and sectors for the Central American region, mobilizing financial resources for cooperation, and contributing to the commercial exchange of goods and services between the countries.