NewsWhore
05-02-2008, 03:50 PM
The World Bank approved US$80 million to support the government rehabilitation efforts after Tropical Storms Noel (October) and Olga (December). The funds will also be used to strengthen the management capacity of the National Institute of Hydraulic Resources (INDRHI) and the Dominican Corporation of State Electrical Companies (CDEEE).
Yvonne Tsikata, World Bank Country Director for the Caribbean, said that the Emergency Recovery and Disaster Management Project will finance rebuilding and restoring physical assets in the electricity, irrigation and water supply sectors. The funds are also targeted to support measures to mitigate potential effects of future emergencies. This US$80 million fixed-spread loan from the International Bank for Reconstruction and Development (IBRD) is repayable in 30 years, including five years of grace.
More... (http://www.dr1.com/index.html#3)
Yvonne Tsikata, World Bank Country Director for the Caribbean, said that the Emergency Recovery and Disaster Management Project will finance rebuilding and restoring physical assets in the electricity, irrigation and water supply sectors. The funds are also targeted to support measures to mitigate potential effects of future emergencies. This US$80 million fixed-spread loan from the International Bank for Reconstruction and Development (IBRD) is repayable in 30 years, including five years of grace.
More... (http://www.dr1.com/index.html#3)