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The IDB financing will be US$ 300 million
posted on: Jan 25 2012 8:10 by RDugey. Viewed 19 times.
The representative of the Inter-American Bank of development (IDB), Manuel Labrado, said yesterday that the multilateral financial institution has no outstanding loans in the year 2011 to Dominican Republic and it works in the portfolio of this year will be $300 million.
Tilth told the term signature an agreement of the IDB, through the Multilateral Fund of investments (Fomin); with the Union Bank, about banking remittances, at the headquarters of the Bank. "Last year there was no problem, because all they had to spend is disbursed, the last thing we did was US$ 200 milloones in December", said.
He argued that none of the funding for this year is tied to the signing of agreements with the International Monetary Fund (IMF) and the credits that are prepared are the programme solidarity for Coraasan of water; and one for the sector education.
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