LXII Assembly of Governors states willingness to strengthen CABEI

Tegucigalpa, September 26, 2022. - The Central American Bank for Economic Integration (CABEI) held its most important annual event in Mexico, the LXII Assembly of Governors. The Assembly brought together the Bank's highest authorities from 15 member countries, who met in the Yucatan capital to confirm their commitment to be the main source of investment in the region to contribute to economic growth, job creation and offer better opportunities for social welfare to the Central American population.

The Governors expressed their willingness to strengthen CABEI and instructed the Board of Directors and the Bank's Management, in dialogue and consultation with the member countries, to prepare and submit to the consideration of the Assembly of Governors, no later than its next regular meeting, the applicable mechanism to advance in the process of implementing the Bank's capital increase IX, accompanied by a road map and a strategic plan associated with it.

In addition to celebrating the 30th anniversary of Mexico's accession to the Bank, on this occasion, among other objectives, the experiences of more than 60 years of multilateral action in the global economic and geopolitical context it faces are also brought together. In CABEI's eyes, the future of Mesoamerica is one of economic, social, cultural and technological development in the region, which is why we seek to be the Bank of the future for all.

The inauguration ceremony was attended by the Secretary of Administration and Finance of the State of Yucatan, Olga Rosas Moya; the Alternate Governor of Mexico to CABEI, Gabriel Yorio Gonzalez; the President of the Assembly of Governors of CABEI, Minister of Finance and Governor for the Republic of El Salvador, Alejandro Zelaya; CABEI Executive President, Dr. Dante Mossi; as well as the Ministers of Finance of the member countries and CABEI Senior Management.

 "For one week Mexico becomes CABEI's home, here in the capital of the State of Yucatan, we celebrate our 62nd Assembly of Governors, coinciding with the 30th anniversary of Mexico's incorporation into the Bank" indicated CABEI Executive President Dr. Dante Mossi. "This year is crucial for us. We have concluded on the need to establish a strategic plan and roadmap to advance in the process of a ninth capital increase for the Bank in order to be able to face the challenges of the future with more strength than ever and thus be able to support Central America in all its growth and welfare projects," added Mossi.

Financial strength and institutional growth

The Bank implements a strategy of diversification of financing sources that has allowed it constant access to capital markets and a highly diversified investor base. The excellent results obtained year after year have been the result of the efforts of all CABEI professionals, which has allowed the institution to continue supporting the region's integration and prosperity.

The financial institution has international backing and is currently the best bank in its category in Latin America, with a rating of AA by the rating agencies.

During his speech, Dr. Mossi explained that CABEI's 2020-2024 Institutional Strategy and business model include a highly diversified portfolio, a solid financial structure and the generation of value for all of its stakeholders.

For CABEI, this represents a great step forward in terms of having greater credit resources available to support public and private projects, thus achieving a greater positive impact and growth in the region. In addition, the Bank will also be able to finance more plans for social development, agriculture, research, innovation, infrastructure, and water management, all of which are committed to socioeconomic development in Central America, making it even more the Bank of the future for all.