NewsWhore
11-08-2007, 01:40 PM
President Leonel Fernandez has sent a bill to the Senate to approve a US$93.7 million loan for the controversial purchase of eight Super Tucano planes from Brazil. Critics say that the planes do not represent the best technology available for pursuing drug traffickers, and have complained about the high price involved. Financing for the loan is being provided by the Brazilian government export agency, the National Economic and Social Development Bank (BNDES) and the Brazilian Aeronautics Company (EMBRAER). Financing will be for 12 years, with quarterly interest payments of 1%. The President also submitted an aviation agreement with Austria for approval.
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More... (http://www.dr1.com/index.html#7)