Commitment to the well-being of the region.
The Republic of China (Taiwan) joined CABEI in 1992 and is one of the Bank's first non-regional members; its incorporation enabled the Bank to issue and place its first bonds on the international market. At the close of 2021, it is the non-regional member with the highest shareholding (11.4%) with a subscribed capital of USD776.3 million and contributions amounting to USD133.6 million.
In the coordination of development projects, the Republic of China (Taiwan) cooperation for the region focuses on key areas for poverty reduction, such as food security, education, agriculture, Micro, small and medium-sized enterprises, agribusiness, coffee producing sector affected by rust, export promotion and forestry and industrial development.
As a relevant fact, in 2020, thanks to the alliance with its non-regional partner country, CABEI made it's 19th issue in the Taiwan capital market, historically totaling US$ 2.3 billion.
In 2021, CABEI opened its representative office in the Republic of China (Taiwan) located at the Taipei 101 building.
CABEI approves cooperation for feasibility and design studies for Port Haina in the Dominican Republic
• Resources of US$1.6 million will be used to prepare technical studies for sanitation and road infrastructure.
Santo Domingo, June 23, 2021.- The Central American Bank for Economic Integration (CABEI) approved technical cooperation in the amount of US$1.6 million to finance technical and financial feasibility studies for the integral development of Port Haina in the Dominican Republic.
These resources will be used to develop the project's conceptual framework, including prefeasibility studies for the drainage of the ravines, construction of storm drainage, expansion of the clean water distribution system, construction of the sanitary sewerage system, road infrastructure improvements, and integrated solid waste management.
CABEI Executive President, Dr. Dante Mossi highlighted ''this first stage of the project will increase the municipality of Haina's competitiveness, considered one of the country's main economic engines, and will also improve the surrounding areas' social conditions, and therefore the quality of life of its inhabitants."
The studies will be carried out over a period of 21 months from the start of the consultancy and three disbursements are expected to be made. This contingent recovery technical cooperation will be executed by the Dominican Port Authority and is in line with CABEI's Institutional Strategy, promoting Human Development and Social Inclusion in order to enhance the region's inhabitants' sustainable wellbeing.
