CABEI Executive President visit to the Dominican Republic comes to an end

Tegucigalpa, July 8, 2019.- With a tour of development projects and meetings with representatives of the Dominican Republic's private sector, today the Executive President of the Central American Bank for Economic Integration (CABEI) Dr. Dante Mossi concluded his visit.

On his first visit to the country subsequent to his appointment at CABEI, President Mossi met with the Dominican Republic's President, Mr. Danilo Medina, at his presidential office.

During the meeting, President Mossi was accompanied by Finance Minister, Donald Guerrero; Public Credit General Director, Athemayani Del Orbe; Deputy General Director of Public Credit, Cynthia Arias; Credit Negotiations Director, Soraya Asunción; Debt Management Advisor, Virginia Bello; and CABEI Director for the Dominican Republic, Clara Quiñones.

Dr. Mossi commented that this mission had the purpose of, "Exploring ways to support development banking with longer-term local currency financing and to increase the use of hybrid public transportation vehicles." In addition, CABEI expects that its interventions will support the country to achieve the Sustainable Development Goals (SDGs).

CABEI consolidates its presence in the country
Since the incorporation of the Dominican Republic into CABEI in 2007, the institution has consolidated its presence by financing projects that contribute to the sustainability of economic growth and the strengthening of aspects such as social inclusion and environmental sustainability.

In this sense, Dr. Mossi toured the Monte Grande Project, the Coral Highways and the Eastern Tourism Road Corridor; all productive infrastructure works currently financed by the Bank. The "Multiple Project of the Monte Grande Dam, Phase III," will guarantee the irrigation of 400 thousand new land initiatives and will improve the agricultural production of an additional 305 thousand works through drip and pipe irrigation.

Likewise, the Monte Grande project aims to increase access to potable water, control floods and prepare the conditions for the generation of electric power, development of aquaculture production, promotion of water sports and fostering of tourism.

Finally, the work agenda included meetings with banking executives and energy project developers.