The Inter American Development Bank expressed its support of the buyback of Union Fenosa electrical distributors by the Dominican government. Moises Pineda, the local IDB representative, told members of Congress that the IDB would provide technicians to help the government during the re-acquisition process. Pineda believes the purchase of the electricity distributors would bring a halt to the deteriorating energy situation. The IDB representative also expressed concerns that the talks should make clear precisely how Union Fenosa intends to repay the IDB the US$150 million of a loan granted during the initial phases of the Union Fenosa acquisition process.