CABEI emphasizes support for investment projects in the Dominican Republic

Santo Domingo, March 25th, 2022. – A delegation from the Central American Bank for Economic Integration (CABEI) visited the Dominican Republic this week to follow up on operations currently underway in the country and future initiatives that could be supported technically and financially.

As part of the work agenda, the Bank's Executive President, Dr. Dante Mossi met with the President and Vice President of the Dominican Republic, Luis Abinader and Raquel Peña, as well as with the Minister of the Presidency, Lisandro Macarrulla, to discuss important issues related to the 2021-2026 Country Strategy approved in October and the steps to be taken to continue supporting the nation in the development of the productive sectors.

"The Dominican Republic has been one of the most dynamic economies in the region over the last decade, with a high growth rate, which is why it is essential to hear first-hand about the development opportunities and challenges that we, as a multilateral, can support. CABEI, as the region's financial arm, will continue to support the formulation and implementation of projects to improve the quality of life of Dominicans," said Mossi on Thursday.

Hostos Rizik, CABEI Director for the Dominican Republic, commented that "this series of activities reflects the Bank's interest in supporting the economic and social integration of its member countries."

An important part of this tour were the conversations with representatives of the Korean-Dominican Chamber of Commerce and the Executive President of the Korea Export Import Bank (KEXIM), Bang Moon-Kyu, both of which sought to identify opportunities to leverage resources through new cooperating partners and the private sector.  The CABEI delegation included the Director for the Republic of Korea, Dongjoon Kim.

After the bilateral meetings with government authorities, the mission visited sites of interest that included a tour from the Domingo Savio sector to the Bus Corridor, including the Santo Domingo Metro. The tour ended with a meeting in the border area of Los Pedernales.

From 2007 to date, CABEI has consolidated its presence in the Dominican Republic by financing programs and projects that contribute to the sustainability of economic growth and the strengthening of social inclusion and environmental sustainability. In addition, it maintains active operations of great importance in the country in sectors such as science, innovation, infrastructure, agriculture, tourism and MSMEs, which have benefited more than 6 million Dominicans with investment capital totaling more than US$1.1 billion.