CABEI organizes the "Business Opportunities and investment for the Dominican Republic's private sector" forum
The multilateral development institution is a key player in the economic and social development of its partner countries, providing funding for projects with impact.
Tegucigalpa, November 18th, 2020.- The Central American Bank for Economic Integration (CABEI), held the Forum "Business and Investment Opportunities for the Dominican Republic's Private Sector", a virtual event that aims to attract investment by taking advantage of the country's strengths and attractions.
The meeting was inaugurated by CABEI's Executive President, Dr. Dante Mossi and was moderated by CABEI's Director for the Dominican Republic, Hostos Rizik.
During the session, Dr. Mossi highlighted this meeting's importance, commenting that "CABEI is an engine of growth among the partner countries, in the case of the Dominican Republic since 2007 CABEI has approved financing for a total amount of US$783.8 million directed to the country's public and private sectors."
In that sense, he mentioned that, at present, in credit matters for the Dominican Republic, the financing of US$249.6 million for the construction of the Montegrande Phase III Multipurpose Dam stands out; the approval of a global credit line of US$100.0 million for the Banco Popular and US$100.0 million for the Banco de Reservas, the construction of a gas pipeline with a loan of US$54.0 to the AES Dominicana company, in addition to its contributions to combat the COVID-19 Pandemic.
The day included presentations by three important Bank officials, including: Private Sector Manager, Sabino Escobedo; Public Sector Manager, Manuel Torres; and Finance Manager, Hernan Danery Alvarado.
The meeting had a high business component with the participation of different chambers of commerce and organizations, who listened to the experiences and impact of CABEI initiatives in both the public and private sectors.