The Board of Directors of the Central American Bank for Economic Integration (CABEI) approved the Country Strategy 2021-2026with the aim of strategically addressing the needs and priorities of the Dominican Republic, where a investment of US$1,750 million.
The 2021-2026 Country Strategy focuses on responding to the express requirements and requests from government authorities, as well as providing coverage for the plans, policies, and programs defined as priorities to address the crisis generated by the pandemic. of COVID-19, as well as supporting private sector initiatives under the Sustainable Development Goals.
In this regard, the executive president of CABEI, Dante Mossie, He said: “The financing is oriented to interventions that stimulate economic growth and balanced and sustainable social development, reaching the population in need.”
For his part, the director of the Dominican Republic before CABEI, Hostos Rizik, commented: “the document is of great importance because it is a flexible instrument with the possibility of adapting to the changing environment in which we live in order to effectively meet the needs of the country and thus promote economic growth, social development, environmental sustainability and generation of jobs in the country in line with the National Development Strategy 2030 of the Dominican government”.
Likewise, he stressed that: “During these years as the main ally of the region we have managed to expand, grow, strengthen ourselves, but above all meet the needs of the countries generating thousands of jobs, development and well-being for our people. With effort and commitment we accompany the vision of the president Louis Abinader in their efforts to build a better country.
Currently, CABEI in the Dominican Republic maintains active operations such as the Monte Grande Phase III multipurpose dam, with financing of US $249.6 million; financial intermediation for the benefit of the country’s productive sector through lines of credit to Banco Popular, Banco de Reservas and BANDEX, financing for the agricultural sector through Banco Agricola.
For $60 million; financing of line 2C of the Santo Domingo Metro for US $250 million; financing for the operation of development policies for US $350 million; in addition to the construction of a gas pipeline with a loan of US$54 million to the company AES Dominicana, among others.