Santo Domingo. - The Government will receive US$380 million from the international entities once the International Monetary Fund (IMF) mulls the Letter of intent on the seventh revision of the Standby agreement signed in 2009.
The IMF is expected to analyze the document on Friday, according to Dominican authorities.
Of those funds US$170 million will be from the IMF as part of the US$510 million which the country should receive during the rest of the year, while US$210 million more are from the World Bank and the Inter-American Development Bank (IDB). All those funds are consigned in the national Budget.
The IDB will provide the country a total of US$360 million in credits this year, said its president Luis Alberto Moreno in a National Palace press conference, where he stressed that they’ve made positive flows towards Dominican Republic. He added that the amount of money provided for the country is much higher than Dominican Republic’s payments to the IDB.