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

The third CABEI-SOLIDARIOS awards were presented to Latin American micro-entrepreneurs

16/12/2023

This year's winners were 18 entrepreneurs and one microfinance institution

Santo Domingo, December 14th, 2023 - For the third consecutive year, the Central American Bank for Economic Integration (CABEI), through the CABEI Social Support Foundation, and the SOLIDARIOS Council of American Development Foundations awarded the CABEI-SOLIDARIOS Microenterprise Awards, aimed at highlighting and valuing the performance and creativity of businesses and the inspiring life stories of microenterprise entrepreneurs in the Latin American region during 2023.

In a very emotional ceremony attended by the Vice President of the Dominican Republic, Raquel Peña, CABEI Executive Director for the Dominican Republic, Hostos Rizik, the President of Solidarios, Juan Francisco Banegas, and the Mayor of the National District, Carolina Mejía, 18 entrepreneurs were honored out of 200 nominees, who stood out for their innovative, resilient and impactful initiatives.

Hostos Rizik Lugo, CABEI Director for the Dominican Republic

Hostos Rizik Lugo, CABEI Director for the Dominican Republic, reiterated that this initiative seeks to promote and foster microenterprise activity in various sectors of the economy and encourage the inclusive participation of the private sector in comprehensive social and economic development efforts in the region.

Some of the awards granted:

  • “Grand Prize in the Regional Microenterprise of the Year category'' to Margarita Araujo de Cáceres and her company Bodega Don Cáceres.
  • “Young Entrepreneur" to Yerizon Minier Sanchez and his company Yeico Coaching Center.
  • "Woman Entrepreneur" to Greicy Campos Jimenez with Arte en Lilas
  • "Family Microenterprise" to Elna Garcia with Dominican Handicrafts
  • "Educational Microenterprise" to Xiomara Elizabeth Morales Diaz with Zohar Beauty Academy.
  • "Tourist Trade and/or Handicraft Production" to Claudia Mercedes Larios Pérez with Productos Orgánicos Artesanales Mía CM and Cestería CM Plásticos Reciclados.
  • "Agricultural Development" to Native Paredes Frias with his Cacao Farm
  • "Innovative Production, Commerce or Services" to Rosanny Castillo Hilario with D ́ la Tía Dulce.

The winning entrepreneurs are from the Dominican Republic, Guatemala and Honduras, and are backed by different financial institutions such as Banfondesa, Banco ADOPEM, the Dominican Development Foundation (FDD), Banco Múltiple Ademi, S.A., CoopAspire, ALNAP, CoopEclof and CoopAspire, and from abroad IDH Microfinanciera in Honduras and the International Foundation for Community Assistance of Guatemala - FIACG.

CABEI - Solidarios aims to train, recognize and reward microenterprise entrepreneurs who have stood out and have been a reference in their communities, in addition to encouraging financial institutions to motivate and promote sustainable enterprises, thus achieving continuous progress and productive development in the region.