South Korea joins CABEI

South Korea joins CABEI

Loans Debt Central America Asia

South Korea has become a non-regional member of the Central American Bank for Economic Integration (CABEI) after contributing $450 million in capital, the development bank said in a press release. South Korea's contribution allows CABEI to increase its lending capacity by $2.25 billion to more than $9 billion, the bank added. South Korea agreed to join CABEI in February 2018, offering to put in $338 million in callable capital and $113 million in paid-in capital through 2022. The pending arrival

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