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
CABEI contributed to the Dominican Republic's economic and sustainable growth in 2022 with US$580 million in approvals
Important initiatives such as the development of Line 2C of the Santo Domingo Metro, as well as measures to safeguard the purchasing power of more than 10 million Dominicans.
Santo Domingo, January 17th, 2023 - With the firm purpose of improving the quality of life of 10 million Dominicans by supporting measures that protect their purchasing power, as well as providing them with quality health services and transportation, the Central American Bank for Economic Integration (CABEI) provided support to the Dominican Republic during 2022 with approvals in the amount of US$580 million.
Among the approved operations is a partial financing from CABEI for US$250 million for the construction of Line 2C of the Santo Domingo Metro, which will directly benefit 778,517,000 people; and another for US$200 million under the "Temporary Support Program for the Fuel Crisis"; as well as a US$100.0 million Development Policy Operation (DPO) that will benefit 10.5 million Dominicans through the implementation of emergency and disaster risk reduction strategies, including investments related to climate change mitigation and adaptation.
"For more than 15 years, CABEI has promoted sustainable development in the Dominican Republic through important programs and projects that strengthen the country's productive sectors, which has increased in recent years with effective and timely support adapted to the country's needs. This year, 2023, we reiterate our commitment to continue our efforts to contribute to the mission of achieving social equity in our Caribbean ambassador," said CABEI Executive President Dante Mossi.
In addition, in order to increase the coverage and quality of emergency medical services in the country, US$30 million was also approved in 2022 for the purchase of 200 ambulances. Of the total amount of the Program, US$7.5 million is provided by the Republic of Korea through the Economic Development Cooperation Fund (EDCF) through the Export-Import Bank of Korea (Korea Eximbank).
