The Senate approved four international loans totaling US$275 million on Tuesday, 13 May 2025 despite opposition from opposition lawmakers. The ruling Modern Revolutionary Party (PRM) has the majority in both the Senate and the Chamber of Deputies.
The loan requests were previously submitted by the Executive Branch and endorsed by the Finance Committee chaired by Senator Guillermo Lama (PRM-Bahoruco).
During the session, the committee’s reports were presented and subsequently approved, following standard legislative procedure. These loans had already been ratified by the Chamber of Deputies last April, enabling the Executive Branch to formalize agreements with financial institutions.
Details of the four approved loans:• The first loan, signed with the Andean Development Corporation (CAF), amounts to US$75 million. It aims to strengthen the national electrical...
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