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

CABEI positions Central America as a region of opportunities at the FITUR tourism fair in Madrid

19/01/2023
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CABEI's participation in FITUR aims to show the world the investment and business opportunities in Central America.

Tegucigalpa, January 19th, 2023.- During the panel held today "Digital & Sustainable: a look from Costa Rica", the Central American Bank for Economic Integration (CABEI), carried a strong message about investment and trade opportunities in the Central American region at Madrid’s 43rd International Tourism Fair (Fitur).

The CABEI delegation was presided over by the Chief Country Officer in Spain, Mauricio Chacón, who presented the range of financial products and services with which the Bank meets the priorities identified by its partner countries.

During its participation, CABEI took the opportunity to position Central America as a fertile area for increasing business opportunities in sectors such as tourism, tourism products and services, thus contributing to economic recovery.

CABEI promotes programs and projects aimed at micro, small and medium-sized enterprises (MSMEs), with significant financing for the regional tourism segment to encourage productive sectors and thereby increase competitiveness, productivity and employment generation.

CABEI is a multilateral institution with a strong commitment to environmental sustainability, providing financing for initiatives with a high social impact in order to achieve balanced development in the region.