Tegucigalpa, March 4, 2021 – As a sign of its commitment to the Central American Bank for Economic Integration (CABEI) and to the countries of the Central American region, the Republic of China (Taiwan) has made advance payments of the first capital installments linked to the two (2 ) capital subscriptions made by said country within the framework of the bank’s VIII General Capital Increase, for a total amount of US$8.6 million.
The aforementioned payments were to be made later, in the second and third quarters of 2021, however, the government of the Republic of China (Taiwan) decided to make the transfers due in advance.
On March 4, 2021, the Republic of China (Taiwan) made cash payments of US$6.3 million and US$2.4 million, corresponding to the first of eight (8) annual, equal and consecutive installments of payable capital derived from the recent capital subscriptions made by said country within the framework of CABEI’s VIII General Capital Increase, which came into effect in April 2020. The aforementioned payments were to be made in May and July 2021, respectively.
The Executive President of CABEI, Dr. Dante Mossi, pointed out that “this demonstrates the quality of partners that CABEI has, as well as its connection and understanding of the needs of the Central American region and the role that the bank plays in the midst of crises. currently faced as a consequence of the COVID-19 pandemic and the adverse effects of climate change recently evidenced with hurricanes Eta and Iota.
I want to highlight and thank the unconditional support that the Republic of China (Taiwan) has provided during the International Health Emergency, helping our countries to confront and strengthen actions that allow the virus to be contained and promote economic reactivation. “His actions have been exemplary.”
Likewise, Dr. Mossi indicated that CABEI has decided to open a representative office in the Republic of China (Taiwan) with the objective of promoting the competitiveness of the region, consolidating the bank’s presence in Asian capital markets, and attracting investment. in priority areas and sectors for the Central American region, mobilize financial resources for cooperation, promote the incorporation of potential partners in the Asia-Pac region and contribute to the commercial exchange of goods and services between countries. Dr. Mossi added that “we hope to hold the opening ceremony no later than June 2021.”
The Republic of China (Taiwan) is the partner with the highest shareholding of CABEI (11.48%), a key factor supporting the bank’s “AA” rating, and has been an extra-regional partner of the Bank since 1992.
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