CABEI: 62nd anniversary moving forward together and uniting the Central American region with the Dominican Republic
Through various actions that stimulate economic growth and social development, we have been able to contribute to the well-being of Dominicans.
Santo Domingo, December 14th , 2022 - For thebenefit of more than 10 million Dominicans and following the incorporation of the Dominican Republic into the Central American Bank for Economic Integration (CABEI) in 2007, the multilateral has consolidated its presence in the country by financing programs and projects that contribute to sustainable economic growth and strengthen aspects of social inclusion with environmental sustainability. Since then, the multilateral has consolidated its presence in the country by financing programs and projects that contribute to the sustainability of economic growth and the strengthening of social inclusion and environmental sustainability.
Thus, on the 62nd anniversary of CABEI's founding and the second year of the opening of its representative office in the Dominican Republic, it has provided US$1,163.8 million in economic resources for the implementation of public and private sector initiatives aimed at reducing poverty and inequality in the country.
"On our 62nd anniversary we are moving forward together and will continue to unite the Central American region with this Caribbean country and we take this opportunity to reiterate our commitment to improving the quality of life of Dominicans through the execution of programs and projects," said CABEI Executive President Dr. Dante Mossi.
The Dominican Republic joined the Bank's non-founding members in 2007, and in 2020 CABEI will inaugurate its headquarters in this country in order to strengthen the country's contact and trade with the Caribbean and Central America. The subscribed capital is US$378.4 million, equivalent to a 5% participation in the Bank's capital, which is also the result of a capital increase approved in 2021 for a total of 12,240 Series "B" shares, corresponding to US$122.4 million of subscribed capital.