1999News

Loans signed in Italy

Two loan agreements were signed in Rome yesterday as part of President Fern?ndez’s European tour. A "Joint Declaration of Development Cooperation," signed by Dominican Technical Secretary Tem?stocles Mont?s and Italian Foreign Relations Subsecretary Mario Serri, opens a US$140 million line of credit for diverse projects in the DR. A second loan agreement signed with the United Nation’s International Fund for Agricultural Development (IFAD), based in Rome, will provide US$12 million in aid to small and medium-sized agricultural operations in the DR’s Southeast.For more information on the President’s visit to Europe, see the English news section at the Presidency web site at http://www.presidencia.gov.do