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 promotes strengthening program for the agricultural sector with a technological and sustainable focus through BAGRICOLA
Santo Domingo, June 13, 2023.- Through the Dominican Republic Government, Banco Agrícola seeks to strengthen the fulfillment of its institutional mission to support the Dominican agricultural sector through the development of a green line program aimed at the Bank's target client base, with the support of the Central American Bank for Economic Integration (CABEI).
The purpose of the funds is to achieve the objectives of the "Plan Estratégico Sectorial Agropecuario de la República Dominicana 2020/2030" (2020/2030 Dominican Republic Strategic Agricultural Sector Plan), through credit facilities and technical assistance. The technical assistance combines credit with training, loans are granted to economically weak agricultural entrepreneurs, subject to agricultural extension, in order to introduce lasting improvements and rational practices on the property and at home.
While the loan is in force, the farmer receives periodic and systemic technical assistance, provided by the extension agency's specialists. The aim is to help the farmer carry out everything that was planned.
Investment in these sectors involves modernizing and strengthening the agricultural sector; increasing the supply of food of agricultural and livestock origin, raising productivity and diversifying production; increasing the competitiveness of the sector and the profitability of producers; and developing infrastructure and services in rural areas, with a territorial approach.
This program’s investment amounts to a total of 60 million dollars, equivalent to more than 3.3 billion pesos.
It is important to highlight that technical assistance will be provided to producers, which guarantees the longevity of production and yield of the items, hoping to increase current productivity and will provide the best practices for the development of their processes by development agents of the Bank and/or the Ministry of Agriculture, previously trained in the technification of each item.
