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 grants RD$28.5 million in emergency aid to the Dominican Republic to mitigate the effects of the tropical disturbance

24/11/2023

Santo Domingo, November 21st, 2023 - In order to mitigate the impacts caused by the tropical storm in the Dominican Republic, the Central American Bank for Economic Integration (CABEI) allocated resources amounting to US$500,000.00 equivalent to RD$28,500,000.00 to address the damages caused by the rains of November 18th, 2023.

The proceeds will be used for rescue and humanitarian aid works, as well as for the purchase of medication, food, housing and building repairs, as well as road infrastructure repairs, among others, and will be carried out by the Ministry of Public Works and Communications (MOPC) as the Executing Agency.

“CABEI approved this aid as a gesture of solidarity with the purpose of supporting the Dominican government's initiatives aimed at mitigating the damage and restoring infrastructure and essential services for the benefit of the Dominican people," said CABEI Director for the Dominican Republic, Hostos Rizik.

The bank provides support to its member countries through emergency aid in situations such as natural disasters, fires, earthquakes, hurricanes, pandemics and other similar crises, in order to help them cope with such challenges.