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WASHINGTON. - The World Bank on Tuesday approved two loans totaling US$300 million to support reforms aimed at improving the results in social sectors, as well as the quality and efficiency of public spending.

The funds will be used mainly for social protection, education and health, while mitigating the impact of the global recession on Dominican Republic’s public finances.

"These operations will contribute with the Government’s efforts to reactivate the economy when helping to bridge the fiscal gap and with an increase in public investment this year, according to what the Budget adopted by the National Congress establishes," said Treasury minister Vicente Bengoa.

The loans are part of the World Bank’s Strategic Alliance with the country for the 2010-2013 period and will support the areas of reforms of the Dominican Government in three main policies: quality and efficiency of public spending, fiscal sustainability and social protection.

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COMMENTS
14 comment(s)
Written by: josean, 17 Nov 2009 5:34 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
Los Comesolos are going to have a great Christmas!
Written by: juanb, 17 Nov 2009 5:35 PM
From: Dominican Republic
Well that just about covers the Xmas gifts.
Written by: Lopez31, 17 Nov 2009 6:00 PM
From: United States
Esta navidad se bebe!!!
Written by: BASTA, 17 Nov 2009 6:06 PM
From: Dominican Republic, =Ghetto/Legalize Drugs
efficiency of public spending= oh my we are #1 in that!
Written by: DoggPound, 17 Nov 2009 6:47 PM
From: United States
Mo money, Mo money, Mo money YO! How da he** do I git mah hands on dat dough? Somebody's going to Disney World!
Written by: fedadiaz This user is banned, 17 Nov 2009 7:38 PM
From: Dominican Republic
everybody is happy in comesololandia......................................
Written by: josean, 17 Nov 2009 7:40 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
no metrolandia!
Written by: glomarexplorer, 17 Nov 2009 11:12 PM
From: United States, Fresh Water Paradise-NY Finger Lakes
Pretty soon we will be squatters in our won country, for at this rate someone else shall own it.
Written by: dreadlocks, 18 Nov 2009 12:23 PM
From: United States
careful, glomarexplorer. soon, Blutarsky will tell you that you wish to drive gringo into the sea.
Written by: RANCIER, 18 Nov 2009 12:26 PM
From: United States, N.J.
There isn't one year they don't ask for a hand out . Have you noticed no where in this article mentioned is made to as how many years and the rate the loan is aproved for? At this rate your great grand kids will be stuck with the loan. We are going back to the 1914 debt in place we got the occupetion force leaving behind a dictator who assured the GRINGOS, he will pay the national debt even if it took desapropiating the upper class of their wealth.
The W/B and the I/M/F are not more than gansters who pray on the little countries and 3rd world.
If DR keeps up this game they will wind up as a Colony of the USA,but in the other hand what do they care when they are all gone and is the other guy's fault.
A country with 60,000 uniformed figure heads and leaches of the national economy. Again who are they getting to fight against while the national crime remains the same ? Don't tell me Haiti! A country that barely lives from day to day. As it is the Haitians have peacefull invaded us.
Written by: dreadlocks, 18 Nov 2009 12:32 PM
From: United States
don't be a spoilsport, Mr Rancier. the pundits all tell us that the economy is growing. we have a release today that exports have fallen 20% compared to the same period last year. but, we are growing! there isn't a tourist to be seen for miles, at least not on the north coast. i passed through the Riu hotels this weekend, and it did not have a fly on the premises. but, we are growing, and cheerfully well,too.
Written by: josean, 18 Nov 2009 12:36 PM
From: United States, Show your Love for DR Vote AGAINST the PLD!
dread,

I can see you are at your fighting weight!

"and it did not have a fly on the premises."

That’s a classic!
Written by: dreadlocks, 18 Nov 2009 12:41 PM
From: United States
why, thank you, Dean Josean
Written by: Perez, 18 Nov 2009 7:50 PM
From: Dominican Republic
we all know where the moola is gonna end up! quit giving people esperanza!
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