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Taiwan is expecting to have a permanent chair at CABEI’s Board of Directors after a recent CABEI resolution.

  On April 14, 2021, the Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, sent a letter to the Minister of Finance, Dr. Jain-Rong Su. The letter stated that CABEI’s Board of Governors has approved the resolution to introduce permanent chairs of the Board of Directors and amended the Organization and Administration Regulations of CABEI. That is to say, 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.   

  The Ministry of Finance stated that CABEI was established in 1960 and is headquartered in Tegucigalpa, Honduras. It is focused on promoting integration and economic and social development in the region. CABEI currently consists of 15 members. Taiwan has been a member of the Bank since 1992. At present, our country has a shareholding participation of 11.09%, being the biggest non-regional member country of CABEI. Therefore, in addition to South Korea, our country is expecting to have a permanent chair at CABEI’s Board of Directors.

  The Ministry of Finance further mentioned that our country has also actively participated in the eighth general capital increase of CABEI which was approved at the 2018 annual ordinary meeting in order to ensure our country’s status as the biggest non-regional member country of CABEI. Furthermore, the aforementioned resolution and amendment constitutes recognition of the support our country has demonstrated to the Central American region and CABEI. Taiwan expresses sincere gratitude for the acknowledgements by Dr. Mossi and CABEI managements.

Contact Person: Section Chief Lai, Chia-Hua
Phone: +886-2-2322-8352

Issued:National Treasury Administration Release date:2021-04-22 Last updated:2021-04-22 Click times:131