Another loan?

[NewsWhore]

The Dominican government has announced from Washington, D.C. that it will request a US$150 million loan from the Inter-American Development Bank (IDB). The money is to be used to continue the reform of the public sector and to buttress the education and health systems, as well as other social areas. According to the announcement by Finance Minister Vicente Bengoa, this loan would not fall under the IMF ceiling. The Dominican authorities plan to have the loan approved by December 2006 in order to receive the first US$50 million by the end of this year. One of the conditions for the loan package is that the Dominican Congress approves the 2007 budget in a timely fashion. To this end, President Fernandez will send a special message to Congress, urging priority passage of the budget.

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