Dominican Republic joins CABEI’s Series A shareholders, expanding investment opportunities

Spain.- The Dominican Republic has been approved as a Series A shareholder of the Central American Bank for Economic Integration (CABEI), joining the institution’s founding member countries in its majority ownership structure following a resolution adopted by the bank’s Board of Governors.

The decision was made during the 66th Ordinary Meeting of CABEI’s Assembly of Governors in Oviedo, Spain, attended by Finance and Economy Minister Magín Díaz. As part of the resolution, CABEI increased its authorized capital from US$7 billion to US$10 billion, strengthening its lending capacity to finance strategic public investment and infrastructure projects across member countries.

Dominican authorities said the move will expand financing opportunities for projects that support the country’s economic and social development. During the meeting, Minister Díaz also held bilateral talks with CABEI officials and representatives from other member nations to strengthen financial cooperation and promote future investment initiatives.