2000News

Two soft loans from Germany

The Dominican government signed two loan agreements for 50 million German marks (RD$400 million pesos) with a German government cooperation agency. The loans will help build small hydroelectric plants in the impoverished Southwest and electricity transmission lines in Santo Domingo. The loans carry a 4.5% interest rate and 20-year payment plans. The Kreditanstait fur Wiederaufbau …
2000News

Computerizing title registration

The Mejía government has announced it is continuing the computerized land ownership registration program started by the previous administration. The program will cost US$9.5 million and a pilot program is being implemented in Santo Domingo. Spanish companies Cinsa and Ingeniería AIE are assisting the Dirección General de Catastro in the registration of 150,000 property titles …