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 reaffirms commitment to Dominican business sector
CABEI Executive President, Dante Mossi held a meeting with representatives of the National Council of Private Enterprise.
Santo Domingo, August 9, 2021. – As part of his working visit to the Dominican Republic, the Executive President of the Central American Bank for Economic Integration (CABEI), Dr. Dante Mossi, presented to the National Council of Private Enterprise (CONEP) the financial products and services offered by the multilateral to promote initiatives with an impact on the generation of employment, investment and value added to industry.
The meeting held this Monday afternoon at the Torre Empresarial was organized by CONEP President Pedro Brache and Executive Vice President Cesar Dargam. They analyzed CABEI's competitive advantages in the region, as well as its role in the development and use of resources that open doors towards the expansion of regional projects focused on sectors such as renewable energies, electromobility, MSMEs and tourism, among others.
"At CABEI, we are aware of the importance of the private sector in the economies of the countries of the region, which is why we urge investors to actively participate in programs and projects that improve the quality of life of the region's inhabitants," said Mossi.
CABEI has supported initiatives in conjunction with the Dominican business sector. Since 2007 to date, the multilateral has provided financing for approximately US$783.8 million to the country's public and private sectors.
