04/26/2021 | Press release | Distributed by Public on 04/26/2021 14:38
Central American Bank for Economic Integration acknowledges the contribution of its non-regional members
Tegucigalpa, Honduras, April 21, 2021.- The Central American Bank for Economic Integration reports that as a result of its capitalization process, its non-regional members have increased their capital contributions to strengthen CABEI's financial soundness. This support also carries the responsibility of improving ties of friendship, exchanges of public and private technical capacity, as well as investments, and to this end, offices will soon be opened in Taipei, Seoul, Madrid and Buenos Aires.
The Assembly of Governors of CABEI, by means of Resolution AG-2/2013, has decided that non-regional members who individually reach a subscribed capital with Series 'B' shares equivalent to at least eight percent of the Bank's authorized capital shall have a permanent seat on the Board of Directors. Thus as long these countries maintain that percentage of subscribed capital , the permanent chairs shall not be subject to the interruption of their respective periods.