Republic of Nicaragua Reaffirms its Commitment to CABEI's Equity Strengthening through Capital Contribution

Tegucigalpa, January 14, 2022 - As a sign of its support for the equity strengthening of the Central American Bank for Economic Integration (CABEI), the Republic of Nicaragua has made the payment of its second capital installment related to the capital subscription made by said country within the framework of the VIII General Capital Increase of the Bank.

On January 14, 2022, the Republic of Nicaragua made a cash payment of US$6.4 million, corresponding to the second of eight (8) annual, equal, and consecutive installments of capital payable derived from the subscription of 20,400 series "A" shares made within the framework of said capital increase.

CABEI's Executive President, Dr. Dante Mossi, stated that "this demonstrates the quality of CABEI's partners, who, in addition to demonstrating their commitment to strengthening the Institution's financial and credit profile, strengthen the role played by the Bank in the midst of the crises it is currently facing as a result of the COVID-19 pandemic and the adverse effects of climate change in the region."

In 2020, CABEI officially increased its authorized capital from US$5,000.0 million to US$7,000.0 million. This was the Bank's VIII General Capital Increase; the second in less than ten (10) years, which confirms the high value of the CABEI franchise and the support of its partners, as well as its relevance for the region as the main channeler of financial resources, disbursing more than US$30 billion since its founding in 1960.

Nicaragua's loan portfolio is US$1.722 billion. The Central American Bank for Economic Integration (CABEI) finances programs, projects, and initiatives in Nicaragua, with a strong emphasis on sectors that have a direct impact on social and humanitarian issues such as hospital infrastructure, energy, water and sanitation, and road infrastructure, among others.