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 supports initiative to restore hearing to Dominican children with US$1 million

29/11/2023

Second day of cochlear implants for infants is led by the first lady, Raquel Arbaje

Santo Domingo, November 28th, 2023. In line with its Human Development and Social Inclusion strategic axes, the Central American Bank for Economic Integration (CABEI) joined the efforts of the Dominican Republic's Cabinet for Children and Adolescents, presided over by the First Lady, Raquel Arbaje, to grant a non-reimbursable financial cooperation of US$1 million to carry out the second day of cochlear implants for infants with hearing impairment.

The program is implemented by the Ministry of Public Health, the National Health Service (SNS), and the National Health Insurance (SENASA), and will contribute significantly to the well-being and development of Dominican children by improving their hearing, reducing school dropout rates and facilitating their development from an early age.

The commitment of the First Lady, Raquel Arbaje, to children and one of the most vulnerable populations in Dominican society has been fundamental for the successful implementation of this program, who led the request for this financial cooperation.

Hostos Rizik, Executive Director for the Dominican Republic at CABEI, said, "We are pleased to support initiatives that have a direct impact on the social development of the country and the well-being of its people, especially our new generations. Today, together, we are planting the seeds of a future full of hope and opportunities for our children.

The first day of cochlear implants for hearing-impaired children benefited 15 children with the internal implant that facilitates their hearing.