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The Senate approves two loans

posted on: Jan 5 2012 10:36 by RDugey. Viewed 15 times.

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Single reading, the Senate approved two loans amounting to $ 90 million, a commercial contract for the continuation of an agricultural project in Azua amounting to more than $98 million and at first reading the modification of the 352-11 Act, which authorizes the Ministry of finance to use bonds for the commercialization of rice by RD$ 1,440 million.

The first loan, of $ 70 million, is intended for the performance and accountability program to carry out social development policies, and invest in human capital of the poor class of the country, as well as protect the investment in social spending and education.

The second loan, amounting to US$ 20 million, will be used in the programme of support for the national system of employment, which will be executed by the Ministry of labour. Its objective will be to increase the probability of finding quality employment and higher incomes within a lesser period of u000atime to the most vulnerable in the labour market, especially the sector of youth

In the same way, senators approved a commercial contract for the continuation of the project of agricultural development, Azua II, Pueblo Viejo, signed between the National Institute of water resources (Indrhi) and the company Constructora Queiroz Galvao single reading. All were approved to unanimity.

Recognizes Leonel
the Senate also passed a resolution of appreciation and congratulations to President Leonel Fernandez for approval in the United Nations Organization (UNO) of a resolution that promoted the Dominican President to rein in the volatility of oil and food prices. The initiative was the Senator for San Juan, Felix Bautista.



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