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

Dominican Republic's Health System to receive 200 new ambulances with CABEI support

01/11/2022

The new units are expected to benefit more than 9 million Dominicans with access to the 9-1-1 System.

Buenos Aires, November 1st, 2022 - The Central American Bank for Economic Integration plans to contribute to increasing the coverage and quality of medical emergency services in the Dominican Republic with the approval of US$30 million to be used for the purchase of 200 ambulances to support the Health System.

The Ambulance Supply Program is expected to benefit more than 9 million people by increasing the vehicle fleet to meet the current and future demand for emergency care nationwide.

"We continue to support the Dominican Republic in its efforts to strengthen its health system. The acquisition of this important equipment will translate into an effective, fast, safe and quality service for the population requiring medical assistance," said CABEI Executive President, Dr. Dante Mossi.

Of the total amount of the Program, US$22.5 million will be financed with Bank resources and US$7.5 million will be contributed by the Republic of Korea through the Economic Development Cooperation Fund (EDCF) via the Export-Import Bank of Korea (Korea Eximbank) and CABEI.

The combination of the financial conditions of each of the sources of funds provides an indicative weighted annual interest rate of 5.0% and a weighted term of 14.6 years.