CABEI and Republic of China (Taiwan) commemorate 30 years of joint efforts for Central American development

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The Republic of China (Taiwan) has been an extra-regional member of CABEI since 1992 and since then has contributed more than US$267.0 million to the region for the fight against poverty.

Taipei, August 3rd, 2022 - Three decades have passed since the Central American Bank for Economic Integration (CABEI) received its first extra-regional member, which, although geographically distant, has remained very close to the Central American region to constantly promote its development and provide support.

We are speaking of the Republic of China (Taiwan), with whom, this Wednesday, the multilateral organization celebrates in Taipei its 30th anniversary of incorporation and the first anniversary of the opening of its representative office in the Asian country with the realization of a high-level forum with which it plans to strengthen ties of collaboration on innovation, digitization, sustainability, gender equality, among other issues.

"We are pleased to celebrate these two important anniversaries in person, which reflect our trajectory and great achievements. On the one hand, we can attest to the contributions that our extra-regional member has channeled through CABEI in 30 years through financial cooperation totaling more than US$267.0 million and non-reimbursable facilities for more than US$9.7 million to join efforts in the fight against poverty and climate change.

On the other hand, with the opening of our first representative office in Asia, we have managed to consolidate our role as a bridge of opportunities between the region and the world, intensifying meetings and relations that translate into assistance and opportunities for Central Americans," highlighted CABEI's Executive President, Dr. Dante Mossi,

He made the remarks during a ceremony in which he was accompanied by a CABEI mission and the Ministry of Finance, the Central Bank and the Ministry of Foreign Affairs of the Republic of China (Taiwan).


The Republic of China (Taiwan) and CABEI

With the highest shareholding in CABEI (11.42%), the Republic of China (Taiwan) is one of the first extra-regional members to join in 1992, and since then has made important contributions in key areas for the fight against poverty, such as food security, education, agriculture, financing for MSMEs, agribusiness, cefé, exports, among others.

Since the inauguration of its office in Taipei in July 2021, CABEI has achieved the most direct approach with its counterparts in the public and private sectors, including more than 10 Taiwanese institutions, research institutes and associations that specialize in promoting bilateral trade and investment, exporting expert services and professional consultants in the areas of science, technology and innovation.

In addition, since 1997 it has materialized 20 CABEI issues in the country's capital market, totaling US$2.6 billion; and as part of its commitment to the region's wellbeing, in 2021 it made early payments of the first capital installments related to its two subscriptions under the VIII General Capital Increase, for US$8.6 million.