The World Bank will be financing environmental improvement projects in tourism areas. Vice President of the World Bank, Shahid Javed Burki visited yesterday together with John Panzer and met with President Fernández and his economic advisors. The World Bank has approved loans for US$180 and is contemplating projects for an additional US$250 million. He said that the World Bank has given its total and absolute support to the Fernández government’s privatization project. He called "impressive" the growth and economic stability of the DR in recent years. He said that they would be opening an office of the World Bank in Santo Domingo as testimony to the confidence they have in the development of the country. The World Bank also has pending the resolution of the differences between the Dominican government and the International Finance Corporation-financed Smith-Enron power plant in Puerto Plata.
