Print this page
Tuesday, 06 July 2021 16:16

CABEI began operations of its office in the Republic of China: Taiwan

Written by Alondra Gutiérrez

The Central American Bank for Economic Integration (CABEI) announced the start of operations of its Representative Office in the Republic of China (Taiwan), with which it seeks to expand to a new continent, strengthen cooperation and continue with its firm commitment to serve the asian market.

This office is located in one of the most important financial zones of the city of Taipei. The CABEI office will focus on promoting the region's competitiveness, strengthening business relations, attracting investment, managing potential partners and contributing to the commercial exchange of goods and services between the countries.

"Despite living in times of pandemic, CABEI has managed to continue working with our member countries and to expand physically in this part of the world to be closer to our members", said CABEI Executive President Dante Mossi.

With this opening, the financial institution marks the beginning of a period of changes, which will allow the Asian markets to be close the bank, to continue advancing in the purpose of providing financial solutions; to respond more effectively and efficiently to the demands of technical, economic and financial resources as a priority for the countries of the region, explained the CABEI president.

In april, CABEI Executive President Dante Mossi, the Governor of the Republic of China (Taiwan) Dr. Jain-Rong Su and Minister of Finance, CABEI Governor for Honduras and minister of Finance, Marco Midence, Taiwan's minister of Foreign Affairs, Jaushieh Joseph Wu, and the Governor of the Central Bank of the Republic of China (Taiwan), Chin-Long Yang, signed an agreement to establish the office.

The Republic of China (Taiwan) joined CABEI in 1992 and since then has provided cooperation and financing in key sectors such as agriculture, food security, education, and the promotion of micro, small and medium-sized enterprises, in addition to the creation of the International Cooperation and Development Fund (TaiwanICDF) and more recently in response to the Covid-19 pandemic and hurricanes Eta and Iota, with cooperation of US$266.7 million.

Related items