CABEI strengthened through capital payments from member countries
The purpose of the Bank's financial consolidation is to provide the region with a steady flow of resources to support its needs.
Tegucigalpa, January 13, 2022.- The member countries of the Central American Bank for Economic Integration (CABEI) completed the initial payments of the capital installments corresponding to the VIII increase, including advance payments from the Kingdom of Spain, and the Republics of China (Taiwan) and Korea.
The total amount of US$78.2 million, which allows the Bank to move toward its equity strengthening, demonstrates the support of its members in the consolidation of the multilateral's financial and credit profile, and also implies the implementation of its new voting rights. In addition, between 2020 and 2021, the Bank received US$92.1 million in capital contributions corresponding to other subscriptions from the Republic of Korea, the Republic of Cuba and the Republic of Argentina.
CABEI's Executive President, Dr. Dante Mossi, emphasized: "CABEI has grown considerably over the last decade in a solid manner and with credit strengths that include stable capital adequacy indicators, a highly diversified financing base, as well as capital increases, and a strong presence in international markets, maintaining access to them even during crises."
The purpose of the Bank's financial consolidation is to provide the region with a steady flow of resources aligned with its priorities for the benefit of Central Americans, the private sector and investors.
It is worth noting that, thanks to its financial strength, CABEI was the first multilateral to implement a capitalization during the crisis caused by the COVID-19 pandemic and natural disasters, as well as to develop and launch financing programs in record time, such as the US$3.06 billion COVID-19 Emergency Support and Preparedness and Economic Reactivation Program and the US$2.513 billion Central American Resilient Reconstruction Program.
In this way, CABEI ratifies its role as a solid, agile and efficient source of financing that ensures the well-being of the Central American region.