Today the Chamber of Deputies approved two loans, for a total of 430 million dollars, an amount that was only admitted by the ruling party deputies.
The spokesmen of the People’s Force and the Dominican Liberation Party (PLD), had announced the departure of their blocks, prior to the vote on the first loan, considering that a “thrust” was made to the procedures and an “abuse” to the country, for the amount of debts they have taken on.
A debt for 200 million dollars was the first to be approved by the Chamber of Deputies, signed on October 20, 2022 between the country and the Inter-American Development Bank (IDB).
As determined by the report of the Finance Commission, the loan will be used for the execution of the “Program to Support Mobility, Land Transportation and Road Safety in the Dominican Republic II.”
The debt contract establishes that it will be paid in 30 semiannual installments that will be deposited until 2042 with a rate of 0.75%.
The second of the loans was signed on January 16 between the country and the International Bank for Reconstruction and Development (IBRD), for an amount of 230 million dollars. The funds will be used to pay for a disaster management development policy in the country, that is, it seeks to finance the reforms implemented to strengthen the management of possible risks arising from adverse natural and public health events.
The interest that the loan agreement will accrue will be 1.89% and will be amortized over a period of 17 years.
Now the loans will go to the Senate of the Republic for information.
2023-11-01 22:23:26
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