NewsWhore
12-12-2006, 06:20 PM
The first part of a US$150 million loan was finally given to the Dominican Republic after the country paid off a US$45 million outstanding debt to the energy distributors. The loan, which was approved in 2005, will be directed towards the energy sector. The World Bank stipulated that the DR had to pay off the US$45 million and improve its microeconomic situation before it could receive the money. Finance Minister Vicente Bengoa has worked consistently on this program in order for the funds to be given before the end of the month. Radhames Segura, head of the State-Run Electricity Companies (CDEEE), will hold a press conference today to explain where the funds will be spent.
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More... (http://www.dr1.com/index.html#4)