Dominican Republic, CABEI's Ambassador in the Caribbean.

The country became a Non-Founding Regional Member of CABEI in 2007 and since then the institution has consolidated its presence in the country by financing programs and projects that contribute to the sustainability of economic growth and the strengthening of aspects of social inclusion with environmental sustainability. . CABEI has benefited more than 6 million people in the Dominican Republic through the programs and projects that the Bank has implemented in the country, through financing amounting to a total amount of US$ 1.1638 billion for the public and private sectors.

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

For the benefit of more than 3 million Dominicans, CABEI makes resources available to mitigate the effects of high fuel costs

16/08/2022

The Program has a total availability of US$1,000.0 million for the countries of the region.

Santo Domingo, August 16th, 2022 - With the objective of mitigating the immediate effects of high fuel prices on end consumers and producers, the Central American Bank for Economic Integration (CABEI) approved an increase in its "Temporary Support Program for the Fuel Crisis" and US$200.0 million in financing for the Dominican Republic.

This initiative seeks to support the Dominican population by mitigating the effects of the fuel hike, which contributes to improve their quality of life by providing relief and growth opportunities. It also makes it possible to improve consumption and investment related to the country's development.

"CABEI supports our member countries by providing rapid responses to the circumstances we are currently experiencing. This operation has a direct impact on the economy of millions of Dominicans, generating savings that translate into improvements in their quality of life," said CABEI Executive President, Dr. Dante Mossi.

The resources are part of the "Temporary Support Program for the Fuel Crisis", recently launched by the multilateral organization, for the authorities of the region in the implementation of policies and temporary measures to stabilize fuel prices.

This operation is part of CABEI's 2020-2024 Institutional Strategy in the Sustainable Competitiveness axis that seeks to intervene in strengthening the economic, social and institutional factors that determine the region's competitiveness.