He Senate of the Republic approved this Tuesday two new contracts of loans for a value of 160 million dollars, about 8 thousand 844 million pesos calculated at an exchange rate of 55.28 from the Central Bank to date.
The first loan for 60 million dollars was signed on April 20, 2022, between the Dominican Republic and the Inter-American Development Bank (IDB) to be used to finance the program to support the transparency and integrity agenda in the Dominican Republic. .
The second loan was signed on November 15, 2022, between the Dominican Republic and the Inter-American Development Bank (IDB), for an amount of up to one hundred million United States dollars (US$100,000,000.00) to finance the program. support for the consolidation of an inclusive social protection system in the Dominican Republic.
This indebtedness will be executed by the general direction of the superior program.
The new ones loans have been widely criticized by the political opposition in the Senateespecially the People’s Force and the Dominican Liberation Party (PLD).
Yván Lorenzo, PLD spokesman in the Senatesaid “Even the future of our grandchildren is jeopardizing the Modern Revolutionary Party.”
“They are going to mortgage the country. They have invested more than 27 billion dollars and here they only know how to approve everything they send without the slightest study,” refuted the also spokesman in the Senate of the People’s Force, Dionis Sánchez, before sending his bench to vote against.
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