CABEI recognizes the contribution of the Republic of China (Taiwan) to the development of the Central American region
During the month of August the Bank’s delegation will visit the Republic of China (Taiwan) where meetings will be held to strengthen cooperation and continue with the commitment to serve the Asian market.
Tegucigalpa, July 1st, 2022.- The Central American Bank for Economic Integration’s (CABEI) Executive President, Dr. Dante Mossi, announced the upcoming visit of a Bank’s delegation to the Republic of China (Taiwan), the non-regional partner with the highest shareholding of 11.42%.
One year after the inauguration of CABEI’s office in the city of Taipei, the first in the Asian region, and in commemoration of the 30th anniversary of the incorporation of the Republic of China (Taiwan) as a member of the Bank, President Mossi will lead important meetings that will facilitate the promotion of the region and will strengthen business and investment relations for Central America.
“At CABEI we are eager to carry out this visit; the physical distance derived from the pandemic had not allowed us to inaugurate our offices in the country on site; however, this year we have the opportunity to commemorate 30 years of joint work that have been essential for the development of the Bank and the Central American region,” he explained.
Relations between the Republic of China (Taiwan) and CABEI are not recent. The Republic of China (Taiwan) was one of the first nations to join as a non-regional partner in 1992, and it has reaffirmed its commitment to the countries of the Central American region on several occasions.
One of these ways has been through advance payments of capital installments within the framework of the Bank’s VIII General Capital Increase for a total amount of US$8.6 million, being 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.
The Republic of China (Taiwan) further strengthened CABEI's equity base and the extraordinary support capacity of its partners as a result of the recent upgrade in its international risk rating by Standard & Poor's from “AA” to “AA+”.
The Republic of China (Taiwan) has also provided its contribution to the region through cooperation and financing in areas such as sustainable agriculture, trade, information technology, food security, education, financing for MSMEs, support during the COVID-19 pandemic and hurricanes Eta and Iota. Additionally, the contribution of the International Development and Cooperation Fund (TaiwanICDF) has created positive impacts on the lives in the region.
Historically, CABEI has made a total of 20 issuances totaling US$2.6 billion in the Taiwan capital market.