Close Gallery
Zoom Picture

Santo Domingo.- The Dominican Republic obtained approval on Wednesday of a US$500 million loan from the Inter-American Development Bank (IADB), to support social programs and streamline energy subsidies, Reuters reports.

"The country will use the IADB financing to increase spending on targeted subsidies, education, health care, and the Solidarity Program, a conditional cash transfer plan for the poor," the IADB said in a statement.

Reuters adds that the Government also plans to use the loan to better target payment of liquefied petroleum gas subsidies and streamline electricity subsidies.

Share / Recommend this article: FacebookFacebook Digg thisDigg this del.icio.usdel.icio.us TechnoratiTechnorati YahooYahoo Facebook
COMMENTS
13 comment(s)
Written by: Blutarsky This user is banned, 22 Oct 2009 7:46 AM
From: Dominican Republic, No Spin Zone
Yeah pay those electric bills
Written by: juanb, 22 Oct 2009 8:45 AM
From: Dominican Republic
After our leaders finish stealing and wasting this money the people on the picture will still be standing around with nothing to do.
Written by: gmiller261, 22 Oct 2009 8:47 AM
From: United States

Hell I'd be happy with that.

But these clowns will go buy more SUVs.

Why in the hell would you give a country as corrupt as the DR this kind of money when there is NO accountability. Flying over barrios and throwing the money out the window would be better spent.

Fools.
Written by: mrios, 22 Oct 2009 9:31 AM
From: United States
OH REALLY !
HERE......WE GO AGAIN...SAME OL S$$$ AGAIN. Who's gonna this one back ?
Written by: xwill7, 22 Oct 2009 11:09 AM
From: United States, El cuarto bate
the guy with the blue strip black shirt looks a bit like LF
Written by: JimHarrington This user is banned, 22 Oct 2009 11:23 AM
From: United States
The sad part of these donations is that the Leonel adminstration is so occupied with looking the other way of corruption that its own money never gets to the people that need it the most.

The DR has sufficint funds to move forward with its own internal revenues however these funds are drained into the private coffers of the elected officials instead of going to its intended course to the people and for the people.

Its like giving more candy to a bad child in the hopes that maybe these hippocrites will see the error of their ways.

I personally am against donating any funds to a corrupt goverment like the DR because it only leads to more corruption.
Written by: Latinsweeitecom, 22 Oct 2009 11:25 AM
From: United States
That is what my country do , Take care of the world.
Written by: El_Architecto, 22 Oct 2009 11:46 AM
From: Dominican Republic
I wonder how much of the $500 million will be left after everyone involved take their share.
Written by: oupala07 This user is banned, 22 Oct 2009 12:11 PM
From: Canada
It is funny, according to the CIA World Fact Book, there are only 11% blacks in the Dominican Republic. Is it a black only area I am watching on this picture or is the information false, because normally there should be more mixed and white that blacks on it.
Pretty interesting.
Written by: xwill7, 22 Oct 2009 12:22 PM
From: United States, El cuarto bate
That is probably a pic in the south
Written by: gmiller261, 22 Oct 2009 12:43 PM
From: United States

Doesn't the IADB have any Anti-corruption laws when they give this money away?

Otherwise they are just paying for drugs to be shipped to the DR. The poor will NEVER see this money.

What about the Foreign Corrupt Practices Act?

The Dominican Republic can NOT meet those standards.

This is totally corrupt.
Written by: mrweepa1, 22 Oct 2009 6:43 PM
From: United States, Huntington Station NY. Juan Dolio DR.
I should get some money from them to throw a party with 2000 people from my town. Free Presidente and food for all. Why not?
Written by: mrweepa1, 22 Oct 2009 6:43 PM
From: United States, Huntington Station NY. Juan Dolio DR.
I should get some money from them to throw a party with 2000 people from my town. Free Presidente and food for all. Why not?
Post Your Comment | Not a member? Create your account | Lost your password?
Write your opinion here. Please keep your comment relevant to this article. Please note that any comments which contain offensive language or discriminatory expressions may be edited/removed.
You must log in to post a comment:
Username Password