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 promotes cooperation routes to revitalize investment in the Dominican Republic
Santo Domingo, July 31, 2015. - Executives from the Central American Bank for Economic Integration (CABEI) paid an official visit to the Dominican Republic, where they held a series of meetings with public administration representatives in that country.
One noteworthy work session was held with the Director General of Multilateral Cooperation and National Authorizing Officer of European Development Funds for the Dominican Republic, Ambassador Antonio Vargas Hernández.
During the meeting Ernesto Gutierrez and Angel Murillo, officials from CABEI’s Country and Sectors Division, noted that “This visit is part of the Bank’s efforts to meet the objectives established in its 2015-2019 Institutional Strategy ‘Integrating Sustainable Development and Competitiveness,’ specifically with regard to the focus on fostering the Bank’s financial consolidation through geographic portfolio diversification in non-regional member countries.”
One of the main issues discussed was the Dominican government’s PRORURAL Program, which targets economic development and promoting the competitiveness of the country’s agricultural sector.
Other participants in the meetings included Clara Solis, representative of the International Fund for Agricultural Development (IFAD) in the Dominican Republic and Emerson Vegazo, Director of the Economic Sector and Private Sector Support and General Coordinator of the PRORURAL Program.
The CABEI delegates stated that the Bank seeks to revitalize investment in the Dominican Republic and to strengthen its strategic alliance with IFAD in that country.
