CABEI approved more than US$3 billion during 2022 to guarantee the well-being of Central Americans and build a region of opportunity

07/12/2022
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In a conversation with the regional press, the multilateral's Executive President, Dr. Dante Mossi, reviewed the company's work and presented a new tool for measuring greenhouse gas emissions in its operations.

Tegucigalpa, December 7th, 2022.- Promoting inclusive and sustainable human development in Central America through the technical and financial support required to turn it into a region of opportunities, the Central American Bank for Economic Integration (CABEI), at the close of November 2022, totaled US$3.34 billion in approvals that enable key investments that improve the quality of life of thousands of people.

Of these resources, 92% correspond to the public sector and 8% to the private sector through various financial intermediaries, according to CABEI Executive President, Dr. Dante Mossi, during a year-end press conference held on Wednesday.

The approvals made by CABEI, Mossi detailed, are always framed within the strategic axes of its 2020-2024 Institutional Strategy and in 2022 the programs and projects for which resources were made available had special emphasis on the Axes of human development, sustainable competitiveness and regional integration.

"I am very proud to present this summary of our work and to be able to tell Central Americans, through the media in their countries, how in times of global crisis, with high inflation, high interest rates and restricted market access, CABEI's role is more relevant than ever, where 31% of the total disbursements made to the region by multilateral banks over the last four years have come from our Bank", said Mossi.

CABEI maintains its financial soundness, which it demonstrates by maintaining the best credit risk in Latin America with ratings from Standard & Poor's (AA), Moody's (Aa3), and Japan Credit Rating (AA) and expanding its physical presence in its member countries, in 2022 in the Republics of South Korea and Argentina, with which it expects to expand the Bank's internalization, in order to increase the mobilization of financial resources through the expansion of bond issuance in the capital markets and the incorporation of new member countries, among other actions.

During the discussion, Dr. Mossi also commented that CABEI actively contributed this year to support nine of its member countries affected by various natural disasters by approving emergency aid in the amount of US$6,200, and took the opportunity to present the new system for measuring greenhouse gas (GHG) emissions in CABEI-financed operations called "Neutralbank," which complies with international multilateral banking standards.

He also explained that this year the Social Support Foundation (FAS) received the first transfer of US$1 million from the Korea-CABEI Partnership Single Donor Trust Fund (KTF) to be used for technical assistance, capacity building activities, knowledge transfer and social pilot projects, among others, focused on sectors such as education, health, water, sanitation and social welfare.

In 2022, CABEI maintained its commitment to transparency and accountability as a binomial to fulfill its mandate in favor of development in the region, which it strengthened by making available means of reporting and intensified its Information Access Policy (PAI), with the development of important activities.

The Bank made a preliminary projection for 2023 of US$3.3 billion in new business approvals, US$2.05 billion in disbursements, US$15.623 billion in assets, US$10.058 billion in loan portfolio, US$123.5 million in profits, and US$4.226 billion in equity.

 

 

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