NewsWhore
02-22-2010, 01:30 PM
The World Bank representative in the Dominican Republic, Roberto Senderowitsch, warned on Friday that the World Bank does not have any more funds available to finance the electricity sector. Minister of Hacienda Vicente Bengoa had said the government was considering applying for financing to improve the electricity sector.
Senderowitsch said: "There is a multiyear 4-year program for an amount estimated at US$500 million, and the World Bank has already disbursed US$150 million. The agreement has been in effect for half a year".
He said that the authorities could request the rest of the money in the original agreement. Earlier Bengoa had also mentioned the possibility of a bond issue to clear payments on arrears in the subsidies to power companies.
More... (http://www.dr1.com/index.html#5)
Senderowitsch said: "There is a multiyear 4-year program for an amount estimated at US$500 million, and the World Bank has already disbursed US$150 million. The agreement has been in effect for half a year".
He said that the authorities could request the rest of the money in the original agreement. Earlier Bengoa had also mentioned the possibility of a bond issue to clear payments on arrears in the subsidies to power companies.
More... (http://www.dr1.com/index.html#5)