Summary of operations
Road Infrastructure: Financing for 148 kilometers of highways.
Energy: Financing for the generation of 80 megawatts of clean renewable energy.
Agro Sector: US$ 60 million for the strengthening of the agricultural sector with a sustainable technological approach.
A 228% increase in the amount estimated in the 2021-2026 country strategy, reaching US$ 1.8 billion. In the previous five-year period the disbursement amounted US$ 533.9 million.
PROJECTS
Coral Highway Project
It consisted of the construction of a 70-kilometer-long, 4-lane highway, for which financing of US$70.0 million was allocated.
Improvement and Expansion of the Eastern Road Corridor for road sections
San Pedro de Macorís-La Romana Section, La Romana Beltway Section and Eastern Tourist Boulevard Section, totaling 78 kilometers in length and representing the best road infrastructure in the country.
Palomino Hydroelectric Project
With a clean and renewable energy generation capacity of 80 megawatts, it is located in the Province of San Juan. For its execution, the Bank allocated financing for a total amount of US$ 130.0 million
Construction of a 50-kilometer gas pipeline in San Pedro de Macorís
Loan in favor of AES Dominicana for a total amount of US$54.00 million.
Montegrande Multipurpose Dam Project Phase III
With current financing of US$249.6 million
CABEI renews US$84.2 million credit line to Banco LAFISE BANCENTRO to support Nicaraguan economic sectors
Managua, September 5th, 2023 - To support and financially attend to the needs of micro, small and medium-sized Nicaraguan entrepreneurs, the Central American Bank for Economic Integration (CABEI) and Banco LAFISE BANCENTRO signed a 24-month renewal of an US$84.2 million credit line.
This operation is also expected to continue supporting various economic sectors of great importance for economic growth, resulting in the generation of new jobs and the reduction of poverty in Nicaragua.
The formalization of this Credit Line was carried out by CABEI's Country Chief Officer in Nicaragua, Carlos De Castilla, the General Manager of Banco LAFISE, BANCENTRO in Nicaragua, Alejandro Alfonso Ramírez, and was supported by other officials from both institutions.
Since 1995, Banco LAFISE, BANCENTRO has channeled CABEI funds through financial intermediation to support various economic sectors in the country.