CABEI and Dominican Republic sign cooperation agreement for US$500 thousand to assist population affected by Tropical Storm Laura

Santo Domingo, March 4th, 2021.- The Central American Bank for Economic Integration (CABEI) and the Dominican Republic today signed an agreement granting non-reimbursable financial cooperation of up to US$500,000, the equivalent of 30 million Dominican pesos, to support the authorities' efforts to assist the population affected by Tropical Storm Laura, which hit the country in August 2020.

The Bank's Executive President, Dr. Dante Mossi, stated that "for CABEI to allocate non-reimbursable cooperation resources to respond to the emergencies that our member countries need in order to provide assistance to the most vulnerable populations that require prompt support.”

The agreement was signed by the Minister of Economy, Planning and Development, Miguel Ceara Hatton, on behalf of the Dominican Government. The Minister of Defense, Carlos Luciano Díaz Morfa, and CABEI Director for the Dominican Republic, Hostos Rizik, signed as witnesses, together with the Country Chief Officer, Manuel Ogando, representing the Central American Bank for Economic Integration (CABEI).

During the event, CABEI Director for the Dominican Republic, Hostos Rizik, stated that the Bank's Board of Directors approved this cooperation as a gesture of solidarity and in order to support the Dominican government's actions aimed at mitigating and reestablishing infrastructure and essential services in the wake of Tropical Storm Laura in the Dominican Republic, thousands of families will benefit from this cooperation.

Also present at the signing ceremony were the Vice Minister of International Cooperation, Olaya Dotel, and the Dominican Republic's National Treasurer, Catalino Correa.