Displaying items by tag: CABEI

The rating agency Standard & Poor's (S&P), confirmed the long-term international risk rating of the Central American Bank for Economic Integration (CABEI) at "AA"; with a stable outlook.

In order to support the liquidity management of the Central Banks of the founding and non-founding regional member countries of the Central American Bank for Economic Integration (CABEI), the multilateral development institution approved the expansion of the Credit Program from US$200 million to US$500 million for each eligible country.

The Central American Bank for Economic Integration (CABEI) has made great strides in terms of transparency and access to information through the application and strict compliance with its Access to Information Policy as well as all international norms and standards of the AML/CFT/FPDMA Risk Management System, Integrity and Sanctions and its Anti-Fraud, Anti-Corruption and Other Prohibited Practices Policy.

The Central American Bank for Economic Integration (CABEI) and the Republic of Korea approved a US$600,000 non-reimbursable technical cooperation grant from the Korea-CABEI Single Donor Trust Fund (KTF) to support the Government of El Salvador in the development of the necessary studies for the modernization of the Guluchapa water supply system.

In order to support the countries of the region in their economic recovery after the effects of the COVID-19 pandemic, the Central American Bank for Economic Integration (CABEI) and the Ministry of Foreign Affairs (MOFA) of the Republic of China (Taiwan) signed an agreement for the implementation of a regional program focused on supporting women's entrepreneurship and employment.

This monday, the Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, together with an official delegation of the Bank, held important meetings with authorities of its extra-regional partner country, the Republic of China (Taiwan), in order to promote the Central American region and strengthen business, investment and development cooperation relations.

Authorities of the Central American Bank for Economic Integration (CABEI) and the Ministry of Finance (MH) signed a loan agreement for US$200 million to support El Salvador in implementing the necessary measures to reduce the impact of fuel price increases on the pockets of salvadorans.

Expanding its physical presence in its extra-regional partner countries and strengthening relations for the benefit of the region, this monday the Central American Bank for Economic Integration (CABEI) opened its representative office in Seoul, capital of its most recent extra-regional partner, the Republic of South Korea.

99% of the almost 1.6 million companies operating in the region are MSMEs; 83% are micro and 16% are small and medium-sized enterprises. This important sector represents more than 65% of the economically active population, and this is the main source of employment generation in the region, according to the Economic Impact of the COVID-19 pandemic on MSMEs in Central America report by the Centro Regional de Promoción de la MIPYME (CENPROMYPE).

Promoting the competitiveness of the region's productive and economic sectors in accordance with its institutional mandate to promote the integration and balanced economic and social development of the countries, the Central American Bank for Economic Integration (CABEI) has held meetings with key economic agents of its member countries throughout the first six months of the year.