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 makes first disbursement under the MSME Support Facility Program in the Dominican Republic
The objective of this initiative is to accelerate the sector’s economic recovery, as well as to promote sustainable and equitable growth.
Santo Domingo, March 9th, 2022.- With the commitment to support Dominican micro, small and medium-sized enterprises (MSMEs) in their economic reactivation after the crisis caused by the COVID-19 pandemic, the Central American Bank for Economic Integration (CABEI) made its first disbursement to the country's private sector for US$255,504 under the Financial Sector Support Facility Program for the Financing of MSMEs.
Through this program is expected to benefit more than 857 legal entities, which provide an average of 40 jobs each, which translates into more than 34,000 people, and the first financial institution to channel the funds under competitive conditions is Banco de Desarrollo y Exportaciones, S.A. (BANDEX).
"MSMEs are the engine of the regional economy and CABEI's Support Facility has been of great help to them to move forward in all countries. We are pleased to enter into this alliance with BANDEX because we are certain that it will translate into greater opportunities for the productive sectors of the Dominican Republic," said CABEI Executive President Dr. Dante Mossi.
This operation is framed within one of the components of CABEI's COVID-19 Emergency Support and Preparedness Program and its economic reactivation, as well as within the Sustainable Competitiveness Axis of CABEI's 2020-2024 Institutional Strategy, which seeks to contribute to inclusive economic growth and support the countries in their economic policies through the promotion of MSMEs.
