CABEI contributed to the Dominican Republic's economic and sustainable growth in 2022 with US$580 million in approvals

Santo Domingo, January 12^th, 2023 - With the firm purpose of improving the quality of life of 10 million Dominicans by supporting measures that protect their purchasing power, as well as providing them with quality health services and transportation, the Central American Bank for Economic Integration (CABEI) provided support to the Dominican Republic during 2022 with approvals in the amount of US$580 million.

Among the approved operations is a partial financing from CABEI for US$250 million for the construction of Line 2C of the Santo Domingo Metro, which will directly benefit 778,517,000 people; and another for US$200 million under the "Temporary Support Program for the Fuel Crisis"; as well as a US$100.0 million Development Policy Operation (DPO) that will benefit 10.5 million Dominicans through the implementation of emergency and disaster risk reduction strategies, including investments related to climate change mitigation and adaptation.

"For more than 15 years, CABEI has promoted sustainable development in the Dominican Republic through important programs and projects that strengthen the country's productive sectors, which has increased in recent years with effective and timely support adapted to the country's needs. This year, 2023, we reiterate our commitment to continue our efforts to contribute to the mission of achieving social equity in our Caribbean ambassador," said CABEI Executive President Dante Mossi.

In addition, in order to increase the coverage and quality of emergency medical services in the country, US$30 million was also approved in 2022 for the purchase of 200 ambulances. Of the total amount of the Program, US$7.5 million is provided by the Republic of Korea through the Economic Development Cooperation Fund (EDCF) through the Export-Import Bank of Korea (Korea Eximbank).