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 Dominican Republic chart path for regional development transformation
Business Forum held in Punta Cana on Friday 26 and Saturday 27 is aimed at the exchange of ideas between the public and private sectors for the generation of business and trade opportunities.
Punta Cana, November 26, 2021.- The "Business Forum: Building Regional Development Transformation", organized by the Central American Bank for Economic Integration (CABEI) in Punta Cana, was aimed at facilitating the identification and generation of joint businesses, stimulating foreign investment, strengthening contacts and promoting the exchange of experiences between the public and private sectors in Central America as a driver for growth and the generation of quality jobs.
The event was attended by President Luis Abinader and CABEI Executive President Dante Mossi. The event was held in collaboration with the Dominican Republic's Export and Investment Center (ProDominicana), where a path for action was outlined to strengthen relations and promote opportunities between the region's countries.
CABEI Executive President, Dante Mossi, said that this meeting is essential to motivate exchange and foreign investment, as well as to strengthen trade relations between the countries that make up the Central American Integration System (SICA).
The President of the Republic, Luis Abinader stressed that "with this meeting we seek to facilitate the identification and generation of joint businesses, stimulate foreign investment and continuously access the resources, so necessary to achieve the definitive take-off of our countries, that we allow us to achieve and consolidate the reactivation of our economies, as well as growth with social justice based on recovery and job creation, which is the fundamental objective of our economic policy. "
CABEI Director for the Dominican Republic, Hostos Rizik, stated, "The local work we have been carrying out at the Bank is aimed at strengthening institutions and productive capacities. Today, the Dominican Republic has all the conditions for investment; it is a country that generates confidence in the international community, where the private sector is a fundamental driver of the economy.”
For her part, the director of ProDominicana, Biviana Riveiro, said: "we must make efforts aimed at economic recovery, including initiatives to further deepen trade relations and intra-regional investment, increasing the region's strategic autonomy, boosting regional DFI and strengthening our production networks, leading to a sustainable and resilient recovery process."
Among the panelists participating in the forum were, for El Salvador, Finance Minister Alejandro Zelaya, VASSI Group (SIGMAQ) Commercial Vice-President Jorge Moscoso and CAS Manufacturing Manager Roberto Portillo. For Guatemala, the Minister of Economy, Roberto Antonio Malouf, and for Panama, the Free Trade Zones General Director of the Ministry of Commerce and Industry, Ámbar Ruiz.
Also, for the Dominican Republic, the deputy technical director of Public-Private Partnerships, Eliardo Cairo; from Mondeser-APP Quisqueya, André Salvador Sanlley Quisqueya and the partner Investa Capital Partners, José Gior Ariza, the investment director of ProDominicana, Marcial Smester; in addition, the export deputy director of PROCOMER of Costa Rica, Erick Ulate.
The business meeting was also attended by high-level personalities, potential investors, entrepreneurs and officials from the Caribbean Region. The meeting was held within the framework of the CABEI Board of Directors Ordinary Meeting, on November 26 and 27, in Cap Cana.
