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 approves US$1 million grant to support the Republic of Haiti in its recovery from the recent earthquake
The grants will be made through the government of the Dominican Republic.
Tegucigalpa, August 30, 2021. – In solidarity and support for the Republic of Haiti following the devastating earthquake that shook the southwest of the country on August 14, the Central American Bank for Economic Integration (CABEI) approved non-reimbursable financial cooperation in the form of US$1 million in emergency aid for its non-founding partner, the Dominican Republic, to support its recovery.
"In these difficult times that the Haitian people are going through, CABEI joins the solidarity aid with this donation that we know the Dominican government will make effective in the best way possible to help them in their recovery from the social and economic crisis generated by the pandemic and recently aggravated by this earthquake that left thousands of people injured and hundreds homeless, in addition to a great deal of structural damage," explained CABEI Executive President, Dr. Dante Mossi.
The donation will be executed by the authorities of the Dominican Republic, who will coordinate actions for the purchase of food, drinking water and primary goods, medicines and utensils for the shelters, as well as inputs for the recovery of affected agricultural crops and fumigation equipment to eliminate pests, among others that may be required. The CABEI Representative Office in the Dominican Republic will be responsible for following up on the cooperation.
With this type of non-reimbursable financial cooperation under the emergency aid modality, CABEI supports countries that have suffered the effects of natural disasters or other emergency situations, such as earthquakes, hurricanes, pandemics, among others. So far in 2021, CABEI has approved US$6.0 million to support countries with this type of assistance, mainly for issues related to COVID-19 and tropical storms.
