NewsWhore
11-22-2006, 06:40 PM
The Dominican government signed a new US$150 million loan package from the Inter-American Development Bank (IDB) in Washington, DC yesterday. Finance Minister Vicente Bengoa signed for the Dominican Republic, and IDB president Luis Alberto Moreno on behalf of the international financial institution. The money is to be used for the execution of the Program to Support Social Sector Management Reform and provide resources to support policy reforms to improve the management of education, health, social security and welfare services.
The program will deal with public health issues, focusing on obtaining better services for the people who need it.
The new loan will also support the Dominican government's efforts to maintain macroeconomic conditions conducive to sustained growth and to strengthen public sector budget and financial management. The loan is for 20 years, with a five-year grace period and a variable interest rate. The resources are to be disbursed in three $50-million tranches within a 24-month period, as long as the required goals are met.
More... (http://www.dr1.com/index.html#3)
The program will deal with public health issues, focusing on obtaining better services for the people who need it.
The new loan will also support the Dominican government's efforts to maintain macroeconomic conditions conducive to sustained growth and to strengthen public sector budget and financial management. The loan is for 20 years, with a five-year grace period and a variable interest rate. The resources are to be disbursed in three $50-million tranches within a 24-month period, as long as the required goals are met.
More... (http://www.dr1.com/index.html#3)