Republic of El Salvador Reaffirms its Commitment to CABEI's Equity Strengthening through advance of Capital Contribution Quotas

Tegucigalpa, October 25th, 2022 – As a sign of its support for the equity strengthening of the Central American Bank for Economic Integration (CABEI), the Republic of El Salvador has made the payment of its third and fourth installments related to the capital subscription made by said country within the framework of the VIII General Capital Increase of the Bank.

On October 25, 2022, the Republic of El Salvador made two cash payments of US$12.75 million, corresponding to the third and fourth of eight (8) annual, equal and consecutive installments of capital payable derived from the subscription of 20,400 series "A" shares made within the framework of said capital increase.

CABEI's Executive President, Dr. Dante Mossi, stated that "this demonstrates the quality of CABEI's partners, who, in addition to demonstrating their commitment to strengthening the Institution's financial and credit profile, strengthen the Bank's role in a complicated and volatile environment in the international capital markets, in addition to the consequences and adverse effects of climate change in the region."

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, disbursing more than US$34 billion since its founding in 1960.

With a loan portfolio of US$2.263 billion, the Central American Bank for Economic Integration (CABEI) finances programs, projects, and initiatives in the Republic of El Salvador, ranging from social security, education, construction, and energy, among others.