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Melanio Paredes. File photo.
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Santo Domingo.- Industry and Commerce minister Melanio Paredes said the meeting  governors of the OPEC Fund for International Development approved a soft financing of US$30 million for the Dominican Republic, for the reconstruction of highways.

Paredes, who met with Fund OPEC director Suleiman J. Al-Herbish in Vienna, Austria, said the financing is part of a project with the Inter-American Development Bank (I.D.B.) and that the Board of Governors approved on Tuesday.

The OPEC Fund director and the official also spoke of on the convenience of signing agreements as soon as possible, to access to financing which had been approved by the Fund in soft conditions. He said the funds are “quasi-donations for the development of rural communities in the border zone and for water treatment in tourist zones.”

The Industry and Commerce minister is in Vienna participating in the United Nations 12th General Conference for Industrial Development.

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7 comment(s)
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Written by: joe, 7 Dec 2007 12:48 PM
From: Cabarete
Let me see if I understand this. We buy Gasoline and I pay for it at the gas pump. The gas station uses my money to pay from the distributor and the Distributor uses that money to pay for the gas.

Now the government has the money to pay yet takes a loan for it????

Good thieves continually find ways to steal money I guess.
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Written by: Perception, 5 Mar 2008 6:30 PM
From: United States
Joe, getting hands-on, thats how it works, but I bet you Public School at DR dont teach their citizens to understand this !!!
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Written by: Escott, 16 Apr 2008 7:10 PM
From: Dominican Republic, Sosua/Cabrera
I wonder why Joe was banned?
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Written by: Adrix, 5 Jun 2008 1:49 PM
From: United States
Perception. I think your “perception” must be corrected. Just take a look at the students that come to study here, paid by the government of Dominican Republic and all of them are in A plus. If you compare schools of USA with Japan, Germany or Taiwan, and the quality the student they produces, your “perception” will tell you USA is at the bottom.
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Written by: generoso, 21 Oct 2008 7:42 PM
From: United States, Santa Fe, New Mexico
I thought Melanio Paredes was named in the Education department in May and there is a new minister of Industry and commerce named Fadul.
Hello?
Did you take your medication today?
Anyway let's take OPEC's money "as soon as possible" like they want and tell them later to get on line to collect. LOL.
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Written by: abc200, 12 Dec 2008 6:52 PM
From: United Kingdom
Only rich people drive cars, motorcyles, the rest walk or bicycle. So the money comes back to those who walk, bicycle, eat local potatoes, plantains. Sound good to me!
S.
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Written by: corky01, 14 Dec 2008 8:32 AM
From: United States
"quasi donations"???? Is that like a bribe or is it a teaser designed to keep the addicts hooked?
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