The Republic Argentina reaffirms its commitment to CABEI's equity strengthening through capital contributions
Tegucigalpa, February 09, 2023 - As a demonstration of its support for strengthening the equity of the Central American Bank for Economic Integration (CABEI), during the month of February, the Republic Argentina made an advance payment of all of its capital quotas related to the additional subscription of share capital and the capital subscription made by said country within the framework of the Bank's VIII General Capital Increase.
On February 9th, 2023, the Republic of Argentina made a cash payment of US$40.1 million, corresponding to the total balance of the capital installments subscribed by this country, making Argentina the first member to complete this process.
In 2020, CABEI officially increased its authorized capital from US$5,000.0 million to US$7,000.0 million. This was the Bank's VIII General Capital Increase; the second in less than ten (10) years, which confirms the high value of the CABEI franchise and the support of its members, as well as its relevance for the region as the main channeler of financial resources.
With a loan portfolio of US$138.3 million, the Central American Bank for Economic Integration (CABEI) finances programs, projects and initiatives in Argentina ranging from health, defense and food security, among others.
CABEI's Executive President, Dr. Dante Mossi, stated that "this demonstrates the quality of CABEI's members, who, in addition to demonstrating their commitment to strengthening the Institution's financial and credit profile, strengthen the Bank's role in supporting its beneficiary member countries to promote their development and integration and to mitigate the adverse effects of climate change in the region.”