NewsWhore
04-22-2009, 06:00 PM
The Ministry of Hacienda has announced that the French government is offering the DR a US$100 million loan to be invested in the areas of the environment and water. Minister of Hacienda Vicente Bengoa said the loan would have a 30-year financing with a 0.75% LIBOR rate. Bengoa pointed out that it was an extremely soft loan, which is very hard to come by, even among multilateral financing institutions. French Ambassador to the DR Roland Dubertrand said that France is continuing to offer support and cooperation to the DR through the French Development Agency (FDA).
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More... (http://www.dr1.com/index.html#4)