Congress approves US$6.59 billion in loans in eight months

[Dolores]

In the first eight months of the Abinader administration, the National Congress has approved loans and financing for more than US$6.59 billion to deal with the health and economic crisis caused by the Covid-19 pandemic. As reported in El Caribe, for health-specific tasks, the government has taken on more than US$900 million in loans, including those to finance the Covid-19 vaccines

Loans have also been taken to finance the Yaque del Norte river basin improvement program; to increase transportation capacity of Santo Domingo Metro line 1 and support the first stage of the EdeSur Master Plan for the Expansion of the Electricity Distribution System (PMESD), among other government projects.

Read more in Spanish:El Caribe

19 April 2021

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[USA DOC]

Does anybody know where these loans are coming from......

 

[carlos]

article mentions a couple of banks/financial institutions but a huge chunk of money is coming from BID (IDB in English which is Inter-American Development Bank)

See below for a history of what IDB does in Latin America/Caribbean.

https://idbdocs.iadb.org/wsdocs/getdocument.aspx?docnum=40862380