After years of resistance, the Mexican government finally authorized the DR access to a fund of US$130 million, part of the San Jose Agreement. The government of Mexico authorized the borrowing as the funds will be channeled through the Banco de Reservas, Baninter, Banco Popular and BHD, announced Minister of Commerce, Angel Lockward. The fund is made up of credits accumulated at the Banco del Comercio Exterior after years of Mexican oil purchases made by the Dominican Republic. The conditions of the loan were not disclosed. The Mexican government agreed that the banks will guarantee the payment of the loans.
