U.S. $1.5 billion in Inter-American Development Bank projects for Dominican Republic
The Inter-American Development Bank (IDB) has US$1.52 billion available in funding with sovereign guarantees for the Dominican Republic for the period 2013-2016, said IDB country representative Flora Montealegre Painter.
She said they also have technical assistance and loans without sovereign guarantees available for the private sector. The funds are part of the new work strategy for the country that seeks to stimulate growth that is compatible with the creation of quality jobs for a sustained reduction in poverty levels. She said the IDB’s work in the country was based on productive development and investing in human capital.
Montealegre concluded by saying that the country also benefits from the private sector support programs funded by the Inter-American Investment Corporation (IIC).