1999News

World Bank pushes for loan ratification

The World Bank has decided to go beyond media declaration to actively push for Senate ratification of Bank loans for post-hurricane reconstruction projects. A Bank delegation from Washington, led by the Bank’s DR representative, Dr. Marisela Montolium Mu?oz, met yesterday for over two hours with a group of Senators led by Senate President Ram?n Alburquerque. As part of its effort to win approval of the loans, Bank officials guaranteed that they would strictly monitor and inspect how the Government uses the loan money to ensure that it goes to the projects targeted under the loan agreement.