The Chamber of Deputies has authorized the government to develop its request for a third placement of sovereign bonds, in the amount of US$255 million, to be placed on international capital markets. This round of bonds is being called for to raise funds for the construction of the Coral Highway, which would link the tourist areas in San Pedro de Macoris (Juan Dolio and Guayacanes) and La Romana (La Romana, Bayahibe and Dominicus) to the cities of Higuey and Veron (cross point for Punta Cana, Macao, Uvero Alto, and Bavaro) in the province of La Altagracia.
\nAn editorial in El Caribe newspaper criticizes the fact that the government did not opt to seek assistance from multilateral lending organizations, but instead chose the more expedite but also much more expensive method of sovereign-bond financing. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Chamber of Deputies has authorized the government to develop its request for a third placement of sovereign bonds, in the amount of US$255 million, to be placed on international capital markets. This round of bonds is being called for to raise funds for the construction of the Coral Highway, which would link the tourist … <\/p>\n