The World Bank’s Board of Executive Directors on 4 November 2015 approved a US$60 million Development Policy Loan (DPL) to the Dominican Republic for its efforts to improve public financial management and strengthen its results-based use of public funds. <\/p>\n
The Dominican Republic registered the highest growth rate in Latin America and the Caribbean in 2014 (7.3%), recovering from the slowdown in 2011 and 2012. The current account deficit is expected to shrink below 2 percent of GDP in 2015. However, macroeconomic and fiscal forecasts estimate the public sector debt stock to remain between 47.4 and 51.2 percent of GDP in 2018.<\/p>\n
The loan is a flexible Development Policy Loan from the International Bank for Reconstruction and Development (IBRD), with fixed spread, customized repayment schedule and a total repayment of 23 years, including a grace period of 11 years.<\/p>\n
The operation is aligned with the Dominican Republic’s National Development Strategy 2030. <\/p>\n","protected":false},"excerpt":{"rendered":"
The World Bank’s Board of Executive Directors on 4 November 2015 approved a US$60 million Development Policy Loan (DPL) to the Dominican Republic for its efforts to improve public financial management and strengthen its results-based use of public funds. The Dominican Republic registered the highest growth rate in Latin America and the Caribbean in 2014 … <\/p>\n