2025News

Busy Congress passes loan approvals for US$615 million

Just moments after the Senate gave the final approval to the new Penal Code, the legislators also approved three new loan contracts during that early morning session that ended at 3am.

Respecting the request by the President, the senators approved a US$200 million loan from the InterAmerican Development Bank (IDB) for the design and studies needed to prepare the nation’s bridges for the future.

Another US$380 million from the IDB will be used to do an overhaul of the water and sewage systems of Dominican coastal and tourist cities and towns. These funds will be funneled through the National Institute for Water and Sewage (Inapa).

And finally, both chambers approved a loan from the Latin American and Caribbean Development Bank for US$35 million, to be used to shore up and improve the water system for Santo Domingo, especially in the upper parts of the Ozama River where there is a salinity barrier installed.

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4 August 2025