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
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.