{"id":154308,"date":"2021-03-02T06:13:56","date_gmt":"2021-03-02T10:13:56","guid":{"rendered":"https:\/\/dr1.com\/wordpress\/?p=154308"},"modified":"2021-03-02T09:14:28","modified_gmt":"2021-03-02T13:14:28","slug":"rd25-billion-released-for-lending-to-productive-sectors","status":"publish","type":"post","link":"https:\/\/dr1.com\/news\/2021\/03\/02\/rd25-billion-released-for-lending-to-productive-sectors\/","title":{"rendered":"RD$25 billion released for lending to productive sectors"},"content":{"rendered":"\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"600\" height=\"399\" src=\"https:\/\/dr1.com\/wordpress\/wp-content\/uploads\/2021\/03\/Construccion-en-RD-Listin-Diario-e1614690851617.jpeg\" alt=\"\" class=\"wp-image-154334\"\/><\/figure><\/div>\n\n\n\n<p>The Monetary Board announced RD$25 billion in low-cost new loans and refinancing of productive sectors. The breakdown is RD$5 billion to the construction sector, RD$5 billion to the mortgage bank sector for low-cost housing (up to RD$3.8 million), RD$5 billion to commerce, RD$5 billion to micro and small business and RD$5 billion to manufacturers that fall under the Proindustria Law.<\/p>\n\n\n\n<p>The funds are available to the banks at 3% interest rate for three-year terms. The banks will then channel these funds to their clients at interest rates of up to 8%, while small business loans will be at market rates for that sector as announced by the Central Bank. <\/p>\n\n\n\n<p>Read more in Spanish:<br><a href=\"https:\/\/www.bancentral.gov.do\/a\/d\/5027-junta-monetaria-autoriza-rd25-mil-millones-adicionales-para-prestamos-nuevos-y-refinanciamientos-a-sectores-productivos-claves-en-la-dinamizacion-de-las-actividades-economicas\">Central Bank <\/a><br><a href=\"https:\/\/www.elcaribe.com.do\/destacado\/jm-autoriza-rd25-mil-millones-que-iran-al-area-productiva\/\">El Caribe <\/a><\/p>\n\n\n\n<p>2 March 2021<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Monetary Board announced RD$25 billion in low-cost new loans and refinancing of productive sectors. The breakdown is RD$5 billion to the construction sector, RD$5 billion to the mortgage bank sector for low-cost housing (up to RD$3.8 million), RD$5 billion to commerce, RD$5 billion to micro and small business and RD$5 billion to manufacturers that &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/dr1.com\/news\/2021\/03\/02\/rd25-billion-released-for-lending-to-productive-sectors\/\" class=\"more-link\">Read more\u2026<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[290,3],"tags":[],"_links":{"self":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/154308"}],"collection":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/comments?post=154308"}],"version-history":[{"count":4,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/154308\/revisions"}],"predecessor-version":[{"id":154335,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/posts\/154308\/revisions\/154335"}],"wp:attachment":[{"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/media?parent=154308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/categories?post=154308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dr1.com\/news\/wp-json\/wp\/v2\/tags?post=154308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}