US$300 million for business

[NewsWhore]

The Central Bank has made US$300 million available to commercial banks for financing exports and their clients' working capital requirements. The money comes from a contract signed on 27 March of this year between the Dominican government and the Inter-American Development Bank (IDB), with the Central Bank as the executor organization. Central Bank Governor Hector Valdez Albizu said the funds were targeted for the private sector from the start and will enhance liquidity, which is needed to sustain economic growth.

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