President Luis Abinader received United Kingdom Ambassador Mockbul Ali on Tuesday, 6 June 2023 at the Presidential Palace and announced the UK government is making available a line of credit to the country for £4 billion. The announcement coincides with the visit of Baroness Gloria Hooper, special trade envoy of UK Prime Minister Rishi Sunak.
The British Ambassador announced the signing of a Memorandum of Understanding (MoU) for the financing intended to provide resources for the execution of strategic infrastructure projects, including water, public health and transportation, providing it with one of the most extensive country coverage in the Latin American and Caribbean region.
Ambassador Mockbul Ali said that this MoU is part of a broader cooperation that reflects the strengthening of the bilateral relationship over more than 170 years of friendship, which today he said is reaching new heights.
Ambassador Mockbul Ali said: “The British government is extremely proud of the unprecedented strength of this bilateral relationship and, as a result, we will be signing this Memorandum of Understanding which, for the first time, will make available to the Dominican Republic up to £4 billion to implement major social and economic development projects. This demonstrates the confidence that the United Kingdom has in the Dominican government and economy as a regional leader of shared values”.
The meeting was attended by Joel Santos, Minister of the Presidency; José Julio Gómez, Deputy Minister of Bilateral Foreign Policy of the Ministry of Foreign Affairs; Graham Jessup, Deputy Head of Mission, and Gerson Pérez, Commercial Officer of the British Embassy.
Read more in Spanish:
Presidency
7 June 2023