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

With CABEI's support, the X National Congress of FENACERD was held in the Dominican Republic

14/11/2022

The new Board of Directors of the Federación Nacional de Comerciantes y Empresarios de la República Dominicana (FENACERD) was sworn in at the event.

Santo Domingo, November 14th, 2022 - In order to promote the development of free trade and the growth of companies in the region, the Central American Bank for Economic Integration (CABEI) supported the X Congress "Change, Sustainability and Consolidation of Trade and MSMEs" of the National Federation of Merchants and Entrepreneurs of the Dominican Republic (FENACERD) with a US$3,000 sponsorship.

The event, which was attended by the President of the Dominican Republic, Luis Abinader, addressed issues related to the development of micro, small and medium-sized enterprises (MSMEs) and the consolidation of trade within the framework of economic reactivation, topics that CABEI also promotes through various actions such as financing, technical advisory services and cooperation, according to CABEI Executive President, Dr. Dante Mossi.

"We at CABEI are pleased to support initiatives that enable companies to streamline their activities, increase their development and strengthen their capacities, as this will contribute to the generation of employment and the sustainability of their businesses," said Dr. Mossi.

During the activity, the new Board of Directors of FENACERD 2022-2024 was sworn in and the FENACERD 2022 declaration was presented, where transcendental issues for the promotion and participation of MSMEs in commerce were discussed.