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
Health personnel in El Salvador receive more than 32,000 COVID-19 protective suits donated by CABEI and Korea
San Salvador, December 2, 2021.- In order to confront the spread of the pandemic caused by COVID-19 in El Salvador and to protect the personnel of the Ministry of Health (MINSAL), this Thursday, the Central American Bank for Economic Integration (CABEI) and the Republic of Korea, through the CABEI-Korea Sole Donor Trust Fund (KTF), formalized the donation of more than 32 thousand protective suits for said institution.
The non-reimbursable technical cooperation, equivalent to US$330,000, includes, in addition to the special protective suits, 32,000 shoe covers for the same purpose.
"We remain committed to actions that help to counteract the COVID-19 pandemic. With the support of the Government of Korea, we are delivering these supplies, which we hope will be of great help to the health personnel of El Salvador," said Executive President Dante Mossi during the opening of the activity.
The event was attended by CABEI Vice President, Jaime Díaz Palacios; CABEI-Korea Single Donor Trust Fund (KTF) Administrator, Mr. Kunmin Kim; Director for the Republic of El Salvador, Mr. Luis Rodríguez; and Country Chief Officer, Raúl Castaneda. The authorities of the Republic of El Salvador were represented by the Minister and Vice Minister of Health, Dr. Francisco Alabi and his team, who expressed their gratitude for the support provided by the donation of these supplies.
This support is part of the US$3 million from the KTF for the benefit of nine CABEI member countries to mitigate the spread of the pandemic. In the case of El Salvador, MINSAL will be in charge of its distribution in the coming weeks and will issue a detailed report to CABEI.
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