CABEI grants RD$28.5 million in emergency aid to the Dominican Republic to mitigate the effects of the tropical disturbance
Santo Domingo, November 21st, 2023 - In order to mitigate the impacts caused by the tropical storm in the Dominican Republic, the Central American Bank for Economic Integration (CABEI) allocated resources amounting to US$500,000.00 equivalent to RD$28,500,000.00 to address the damages caused by the rains of November 18th, 2023.
The proceeds will be used for rescue and humanitarian aid works, as well as for the purchase of medication, food, housing and building repairs, as well as road infrastructure repairs, among others, and will be carried out by the Ministry of Public Works and Communications (MOPC) as the Executing Agency.
“CABEI approved this aid as a gesture of solidarity with the purpose of supporting the Dominican government's initiatives aimed at mitigating the damage and restoring infrastructure and essential services for the benefit of the Dominican people," said CABEI Director for the Dominican Republic, Hostos Rizik.
The bank provides support to its member countries through emergency aid in situations such as natural disasters, fires, earthquakes, hurricanes, pandemics and other similar crises, in order to help them cope with such challenges.
