SANTO DOMINGO. -The Development and Export Bank (BANDEX) and the Bank of
Development of Latin America and the Caribbean (CAF), announced the signing of an agreement for a
line of credit for an amount of US$40.0 million dollars, with the objective of financing
development financing programs in the country.
The agreement was signed by Juan Mustafá, general manager of BANDEX, and Sergio Díaz-
Granados Guida, executive president of the Development Bank of Latin America and the Caribbean
(CAF).
Mustafa highlighted the importance of the agreement, noting that "it represents a step
significant towards strengthening the financing programs that are
promoted by BANDEX and therefore the boost of the Dominican economy".
“The funds will be available to finance commercial infrastructure projects, the
tourism sector, machinery and equipment purchase operations, as well as the manufacturing sector.
exports, particularly those companies led by women. Additionally, the
Funds will be used to finance programs aimed at promoting the financial inclusion of
micro, small and medium-sized enterprises (MSMEs),” highlighted the general manager of
BANDEX.
This initiative - Mustafa indicated - seeks to strengthen the participation of these sectors in the
economy and promote more equitable and sustainable development.
“The purchase operations of machinery and equipment will be directed to key sectors
such as health, agriculture, construction and innovation, in order to promote the development and
the modernization of these strategic areas for the Dominican economy,” he stated
Mustafa.
The President of the Republic, Luis Abinader, was present at the signing of the agreement.
Corona, the Minister of Finance José Manuel Vicente, the Vice Minister of Public Credit
María José Martinez and CAF executives, which highlights the government's support for the
initiative and regional commitment to the economic development of the country.
About BANDEX
The Development and Export Bank (BANDEX) is an intermediation entity
financial strategy aimed at promoting strategic productive sectors for diversification and
strengthening the Dominican economy.
BANDEX places special emphasis on projects that generate a great impact on the population
and finances those whose nature demands more favorable conditions for their
growth. The financing lines include technology, renewable energy,
health infrastructure, medical equipment, machinery to mechanize production
agriculture, transportation, water infrastructure, export of goods and services, tourism and the
development of small and medium enterprises.
About CAF
It is a development bank committed to improving the quality of life of all
Latin Americans and Caribbeans, whose actions promote sustainable development and
regional integration, with the objective of becoming the green and blue Bank, and that of the
economic and social reactivation of the region.
Offers advice and financial support to the public and private sectors of the countries
shareholders. In addition, it generates knowledge to strengthen public policies in America.
Latin America and the Caribbean and improve the quality and impact of the projects it promotes.
