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 to benefit more than 10,000 Dominicans with the implementation of the Eco-Housing Program

28/03/2023
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With the approval of US$250.3 million, construction of more than 3,000 homes incorporating sustainability criteria is expected to be completed.

Madrid, March 28th, 2023. — For the benefit of more than 10,000 people living in conditions of vulnerability and extreme poverty, the Central American Bank for Economic Integration (CABEI) approved US$250.3 million, of which US$300,000 came from a grant under the non-reimbursable financial cooperation modality through the Social Support Foundation Fund (FAS), for the execution of the "Eco-Housing Program in the Dominican Republic" at the national level.

The operation consists of the construction of more than 3,300 housing structures, using recyclable materials, which will cover clean water, sanitary and storm sewerage, sewage treatment and subsoil protection services, with a focus on sustainable development and environmental protection, improving the quality of the environment and access to basic services and infrastructure.

"Guaranteeing access to decent housing is fundamental to improving the social conditions of families in our region. CABEI is pleased to contribute to the development of sustainable housing solutions, which will also help boost the economy and generate jobs," said CABEI Executive President Dr. Dante Mossi.

The initiative also proposes a change in the lives of the beneficiaries through the design and development of training processes focused on topics such as coexistence, entrepreneurship, technical training, among others, contributing to improving the quality of life of the program's beneficiaries. These community training processes will be financed under the non-reimbursable financial cooperation modality with resources from CABEI's Social Support Foundation Fund (FAS).