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 disburses US$2.0 million to support the economic and operational growth of MSMEs in Dominican Republic
The resources disbursed are expected to contribute to boosting the country's economy.
Santo Domingo, June 8th, 2023 - In support of the productive sectors in their economic reactivation and in strengthening their working capital, the Central American Bank for Economic Integration (CABEI) recently disbursed US$2.0 million to its strategic ally Banco de Desarrollo y Exportaciones (BANDEX), funds that will be channeled through Banco de Ahorro y Crédito FONDESA, S.A. (BANFONDESA).
These resources are part of the Global Credit Line between CABEI and BANDEX formalized in 2021 for US$30.0 million, which is expected to benefit 857 legal entities, which provide an average of 40 jobs each.
The funds disbursed are part of CABEI's Financial Sector Support Facility Program for the Financing of MSMEs, whose objective is to provide support to micro, small and medium-sized enterprises (MSMEs) to contribute to their adaptation, solvency and transformation, as part of their economic reactivation after the crisis caused by the COVID-19 pandemic.
Today, more than three years after the pandemic, the multilateral continues to allocate resources to this important sector, with the firm purpose of contributing to inclusive economic growth and supporting countries in their economic policies through the promotion of MSMEs.
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