Articles 8 - Valerie Bodden K. (10-0014) Analysis of...

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Valerie Bodden K. (10-0014) Analysis of Current Dominican Issues-Sec.02 Professor Elsa Torres July 12, 2011 DB to disburse US$324M for Dominican Republic this year http://www.dominicantoday.com/dr/economy/2011/7/12/40191/IDB-to-disburse- US324M-for-Dominican-Republic-this-year SANTO DOMINGO. - The Inter-American Development Bank (IDB) will disburse to Dominican Republic US$324 million this year, US$200 million of which will be for budgetary support. IDB representative Manuel Labrado made the announcement Tuesday and noted that macroeconomic stability is required to disburse the funds, as the stand by agreement with the IMF stipulates. He said Dominican Republic’s debt with the IDB is US$1.9 billion, which in his view is a sustainable and reasonable level. As to the loans Labrado described two types: one for budgetary support and the other, a fast and limited payment of at least US$40 million. The IDB official spoke during the signature of an agreement between the IDB and the National District City Hall, on the integral handling of solid waste, to be applied in the cities that form Greater Santo Domingo, at a cost of RD$28.5 million (US$75,000), with a loan to be disbursed throughout a one year period. Overview The Inter-American Development Bank will give to the Dominican Republic the sum of US$324,000,000 this year, out of which the Dominican government will use US$200 million in order to support its budget. The IDB official also spoke about an agreement between the IDB and
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This note was uploaded on 08/09/2011 for the course BUSINESS --- taught by Professor Torres during the Spring '11 term at Universidad Iberoamericana.

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Articles 8 - Valerie Bodden K. (10-0014) Analysis of...

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