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 and Korea support Panama's response to COVID-19 through donation of essential supplies
Through this initiative, high-quality biosafety equipment will be provided to support the health sector's emergency response efforts.
Panama City, October 28, 2021.- To support the actions of the Panamanian health sector in the containment and prevention of COVID-19 infection, the Central American Bank for Economic Integration (CABEI), through the CABEI-Korea Sole Donor Trust Fund (KTF), delivered 816,480 Korean KF94 masks to the Ministry of Health.
This non-reimbursable technical cooperation is equivalent to US$330,000 and will contribute to the protection of health care providers in the country's different health centers.
CABEI Executive President, Dr. Dante Mossi, emphasized, "This is yet another example of the support we have been providing to our member countries in addressing health emergencies, which we have been implementing since last year. Protecting people becomes much more relevant in times of crisis".
The supplies were delivered by CABEI Country Chief Officer in Panama, Carlos Moreno, to the Vice Minister of Health, Ivette Berrío, in the presence of the Director of the Republic of Korea at CABEI, Dongjoon Kim, Finance Manager and Secretary of the Korea Trust Fund, Danery Alvarado, and the Ambassador of the Republic of Korea in Panama, Won Hoon Cho.
During the event, the Vice Minister of Health, Ivette Berrío, said "this donation will contribute significantly by generating protective factors that facilitate a gradual and asymmetrical return to normality. Please be aware that this valuable donation will be used mainly for hospital support and for traceability equipment in the field, among other relevant uses".
This delivery is part of a total grant of US$3.0 million from the KTF for the benefit of nine CABEI partner countries to mitigate the spread of the pandemic.
