2000News

Senate approves international loans

The Senate passed seven loan contracts with international financial organizations totaling US$131 million. President Hipólito Mejía had urged their approval. These are: Instituto Nacional de Recursos Hidráulicos (Indrhi) and the Banco de Comercio Exterior de Colombia. US$18 million for the Los Tres Saltos hydroelectric project. Financing of the development of farming projects for small and medium sized businesses. Taiwan Bank of Export & Import. US$10 million. Financing of property database. US$8,256,000. Financing of the consolidation of the reform and modernization of potable water and sewage projects. Interamerican Development Bank. US$71 million. Ministry of Labor-Interamerican Development Bank. Implementation of training and modernization of the labor department. US$16.9 million. Purchase of equipment for potable water installations and cleaning of sewage facilities. Instituto Oficial (ICO). US$2,098,414. Pilot program for sewage in Sosua, Puerto Plata. Banco Internacional de Reconstrucción y Fomento. US$5 million.