NewsWhore
07-07-2011, 02:50 PM
The Senate has approved a move by the Ministry of Hacienda to place RD$7 billion in domestic bonds to cover the Fernandez administration's fiscal debt. This is RD$3 billion more than President Leonel Fernandez had requested in a bill sent to Congress.
The senators also approved EUR78.5 million (approximately RD$4.3 million) granted by the French government for the construction of aqueducts in the provinces of San Cristobal, Azua, Independencia, Montecristi and San Jose de Ocoa. The debt with a French government agency would be payable in 20 years, with a four-year grace period and 1% annual interest. The government needs to present EUR48.5 million in collateral to have access to this loan.
The Chamber of Deputies now needs to study these debt-taking requests.
More... (http://www.dr1.com/index.html#3)
The senators also approved EUR78.5 million (approximately RD$4.3 million) granted by the French government for the construction of aqueducts in the provinces of San Cristobal, Azua, Independencia, Montecristi and San Jose de Ocoa. The debt with a French government agency would be payable in 20 years, with a four-year grace period and 1% annual interest. The government needs to present EUR48.5 million in collateral to have access to this loan.
The Chamber of Deputies now needs to study these debt-taking requests.
More... (http://www.dr1.com/index.html#3)