The Central American Bank for Economic Integration (CABEI) has formally approved the Dominican Republic’s entry as a Series A shareholder, marking a landmark shift in the institution’s ownership structure that places the Caribbean nation alongside the bank’s founding members as part of its majority ownership bloc. The historic decision was reached during the 66th Ordinary Meeting of CABEI’s Assembly of Governors, held this year in Oviedo, Spain, where Dominican Finance and Economy Minister Magín Díaz led the country’s delegation to the gathering.
Alongside approving the Dominican Republic’s shareholder membership, CABEI’s governing body passed a second key resolution to expand the bank’s total authorized capital from its previous level of US$7 billion to a new total of US$10 billion. This capital injection is designed to substantially boost CABEI’s lending capacity, enabling the institution to fund a broader pipeline of high-priority public investment and large-scale infrastructure projects across all its member nations.
Dominican government officials have emphasized that the country’s new Series A shareholder status will unlock expanded access to flexible financing for development-focused projects that drive inclusive economic growth and address pressing social needs across the Dominican Republic. On the sidelines of the Oviedo meeting, Minister Díaz also held a series of one-on-one bilateral discussions with CABEI’s senior leadership and delegation heads from other member countries. These talks focused on deepening cross-border financial cooperation and laying the groundwork for new strategic investment initiatives in the coming years.