CABEI and the Republic of China Taiwan support the economic empowerment of women in the COVID-19 post-pandemic period

Taipei, August 1st, 2022.- In order to support the region's countries in their economic recovery from the effects of the COVID-19 pandemic, the Central American Bank for Economic Integration (CABEI) and the Ministry of Foreign Affairs (MOFA) of the Republic of China (Taiwan) signed an agreement for the implementation of a regional program focused on supporting women's entrepreneurship and employment.

The initiative, which has US$10.0 million in financing, plans to provide financial services to economically empower women, combining loans and credit guarantees to help women increase access to financing for their businesses and promote their participation in sectors that drive economic recovery.

"Aware of the need to empower women in the region's countries so that they can overcome barriers in these difficult times, due to the ravages of the COVID-19 pandemic, as CABEI we are supporting this Program that seeks to facilitate financing for women who wish to start a new business, as well as contribute to the economic reactivation of women owners of micro, small and medium-sized enterprises (MSMEs), as well as those MSMEs with a majority of female partners and equity and MSMEs with more than 50% of women employed," expressed CABEI's Executive President, Dr. Dante Mossi.

This Fund to be granted with the support of TaiwanICDF will allow MSME women to bridge the gap to obtain access to financing with preferential conditions and will contribute to gender equality, increasing the promotion and participation of women within intermediary financial institutions.

All Intermediary Financial Institutions participating in the Facility must have a current Global Credit Line with CABEI, in addition to showing interest in promoting financing products for MSME women.