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
Regional conference on business resilience in the Dominican Republic is held with the support of CABEI
More than 170 representatives from Central America, Panama and the Dominican Republic attended the 2022 Convertirse Regional Conference.
Santo Domingo, September 2, 2022.- With the purpose of promoting resilient initiatives for sustainable business development in adverse environments, the Central American Bank for Economic Integration (CABEI) supported the 2022 Convertirse Regional Conference, held this Friday in the Dominican Republic, through a sponsorship of US$20,000.
"Taking into account that the disasters caused by climate change are increasing, it is essential to exchange knowledge and techniques that allow avoiding them, mitigate the effects and have a faster recovery that allows business continuity, and therefore the development of our countries," said the executive president of CABEI, Dr. Dante Mossi.
During the conference, CABEI participated in the "Economic impacts of extreme natural phenomena in the region" panel, where key actions for the construction of resilient societies were analyzed.
The biannual event, which this year had a participation of over 170 representatives of the region, is organized by the Central American Integration Network for Corporate Social Responsibility (INTEGRARSE), and its objective is to promote a space for public-private dialogue at the regional level for the exchange of experiences, trends and good practices around the natural disaster risk management and sustainability of companies.
In its commitment to promoting the strengthening of the economic, social and institutional factors of its member countries, CABEI supports this type of activities as one of the elements contemplated in its 2020-2024 Institutional Strategy in the axis of Sustainable Competitiveness.