World Bank approves $90 million to the country

Executive Board of the World Bank yesterday approved two loans for Dominican Republic for US$ 90 million in support to the system for performance results in the social field which will benefit 600,000 low-income households, as well as to improve the response capacity of key institutions in the management of future disasters.

The third loan for development policy on performance and accountability for the social sectors (PASS DPL, acronym in English), for US$ 70 million, is part of a series of loans which seeks to expand human capital, mainly in education and health, and improve the transparency and quality of public expenditure through a system by results of performance.

Reconce that these policies have a significant impact on poverty reduction, sustainable growth and equality of opportunities.

This third funding was included in the strategic alliance of the Bank u000aWorld country for the period 2010-2013. It is recalled that two operations of the series were approved in November 2009 and November 2010, respectively, by amounts of $150 million each a.

This operation from the World Bank contributes to the social protection policies of this Government that aims to support families more needy in times of crisis and offer the Dominican poor, as subjects of law, equality of opportunity to improve their living conditions, said Rafael Alburquerque, Vice President of Dominican Republic and coordinator of the Office for the coordination of Social policy.

The third DPL PASS seeks, among other things, to improve the performance of the social sectors to promote human capital (health, nutrition, and education) of the poorest citizens through the fundamental redesign of the Government of conditional transfers programme u000aSolidarity.

( ) Financing additional

natural:
the recovery project disasters emergency and disaster management received additional funding of US$ 20 million to complete the rehabilitation and repair of infrastructure damaged in 2007 by storms Noel and Olga in the sectors of water (irrigation, hydrology) and electricity, as well as to strengthen the institutional capacity for disaster mitigation and risk reduction. The project directly benefits 6 million citizens in 26 of the 32 provinces affected.

The original draft for US$ 80 million was approved by the Executive Board in May 2008 and by the Dominican Congress in early 2009.

The entities responsible for the coordination and implementation of this project are the National Institute of water resources (Indrhi)

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