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 promotes improvements to strengthen security in the Pedernales Border Zone, Dominican Republic

20/11/2023

Santo Domingo, November 14th, 2023. With the objective of increasing border security in the Province of Pedernales, in the southeast of the Dominican Republic, the Central American Bank for Economic Integration (CABEI) supported the construction of a larger and more modern headquarters of the Specialized Corps for Land Border Security (CESFRONT), as well as the remodeling of a detachment of the headquarters in Cabo Rojo and the construction of 11 houses through a non-reimbursable financial cooperation of US$500,000.00.

This support to the Dominican Government and the Ministry of Economy, Planning and Development (MEPyD) seeks to improve border security in Pedernales by upgrading the conditions of the CESFRONT, which will be used to carry out surveillance and protection tasks in the area with more effective attention by increasing the response capacity.

CABEI Director for the Dominican Republic, Hostos Rizik, expressed: ''we are proud to be able to collaborate in strengthening the security capacities of our country, supporting the actions of the Dominican Government aimed at reestablishing the infrastructure and increasing security in the border area''.

The Central American Bank for Economic Integration (CABEI) is committed to helping channel resources to provide assistance to the most vulnerable populations that require prompt support.