Friday, 03 September 2021 23:41

CABEI says US$15 billion are implemented in the region

Written by Evelyn Alas

The Central American Bank for Economic Integration (CABEI) starts the LXI Board of Governors, which was attended by CABEI Director for El Salvador, Luis Rodríguez, and the Minister of Finance, Alejandro Zelaya.

The Assembly addressed fundamental issues related to the region's needs and how CABEI can contribute to meeting these challenges.

CABEI Executive President Dante Mossi stated, "In 2020, we were able to initiate the implementation of the 2020-2024 five-year strategy, with more than US$15 billion available for our region and our member countries.

CABEI assures that it has become a strategic partner of the region with approvals of US$3,459.1, with disbursements of US$2,538.8 and a portfolio of US$8,203.7.

In 2020, the implementation of VIII increased authorized capital from US$5 billion to US$7 billion.

Financial intermediation for development was US$979.6 million disbursed in the region, benefiting 42,314 people.

Luis Fernando Mata, President of the AG: "CABEI has supported us in approving financing for the health emergency, the acquisition of vaccines against COVID-19, the donation of test kits, medical supplies and resources to attend to the emergency”.