The Ministry of Hacienda announces the government placed US$3.5 billion in sovereign bonds and RD$17 billion in bonds in local currency. The bonds are for payment terms from six to 40 years. The funds will be used to meet the government deficit caused by the impacts of the Covid-19 in the Dominican economy.
The placements were contemplated in the Complementary National Budget sent by the Abinader government to Congress to fill the financial gaps through the end of the year.
Economist Henri Hebrard told El Dia that the placement is good news. He said it will positively impact stabilizing the exchange market through the end of the year.
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El Dia
18 September 2020