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Santo Domingo.- The Inter-American Development Bank (IDB) aims to finance several projects with US$1.5 billion during the next three years, or around US$382 million each year.

The credit, with State guarantee forms part of its 2013-2016 work strategy, which focused on productive development to promote productivity and business competitiveness; investment in human capital in sectors such as health, education and social protection, and macroeconomic stability and fiscal management, to spur sustainable economic growth.

IDB representative Flora Montealegre on Thursday said the projected funding will be the IDB’s participation to keep the country’s multilateral debt at an average of 53% during that period, while the debt with the IDB as a percentage of GDP would be around 3.9%.

She stressed that the IDB’s strategy seeks to achieve the country’s economic development and impacts all sectors, with the creation of quality jobs and less poverty.

In a press conference, Montealegre said productive development and competitiveness will have a multi-sectoral approach, focused on the provinces, with support to improve productivity of SMEs, with easier access to financing, promoting export development and bolster that sector’s agencies.

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COMMENTS
9 comment(s)
Written by: Johny, 14 Feb 2014 8:26 AM
From: Dominican Republic, United States, European Union - Traveler - all around the world (50+ countries)
Those loans should be targeted and used for projects in poor provinces. Not just Santo Domingo and Bavaro, or anything between...
Written by: Atabey, 14 Feb 2014 9:14 AM
From: United States, Bring DT Forum Back--

" US$1.5 billion during the next three years, or around US$382 million each year.

She stressed that the IDB’s strategy seeks to achieve the country’s economic development and impacts all sectors, with the creation of quality jobs and less poverty."


For those who STILL believe that the USA wants to pressure the DR, this statement sounds loud and clear:


The USA wants a successful DR.


And GROWING the ECONOMIC basis for further expansion of the PIE is the CORRECT strategy.



:)


Written by: Atabey, 14 Feb 2014 9:18 AM
From: United States, Bring DT Forum Back--


Montealegre said productive development and competitiveness will have a multi-sectoral approach,

1. focused on the provinces, ( NOT SD ONLY)

2. with support to improve productivity of SMEs,

3. with easier access to financing, promoting export development and bolster that sector’s agencies."


EXPORT OR DIE!



:)


Written by: Radar, 14 Feb 2014 10:05 AM
From: Dominican Republic

Multifaceted development of our country's assets and social reform to lessen poverty. A greater share of the pie for those most neglected and deserving peoples.
A great strategy for furthering wealth and combating illiteracy.
Written by: bernies, 14 Feb 2014 11:32 AM
From: Dominican Republic, Juan Dolio
I say the Dominican Youth needs to get out of their butts, stay away from Colmadones, Liquor stores and focus more on getting a good education and other languages to be more competitive with other countries in the region. That is the only way to progress and not by the government handouts like many people want. The youth of these days are only thinking about listening to Reggeton and walking around with their pants way don so that anyone can see the butts. Education first and then rest will come. I have never believe in being help from the government or anybody and I am proud of who I am because I did it on my own and without anybody helps.
Written by: rokete, 14 Feb 2014 12:19 PM
From: Dominican Republic, (( DEPORT THE HAITIANS, BUILD THE BORDER WALL ! )) The only thing necessary for the triumph of Haitian evil is for good Dominican men to do nothing.

All these loans have a disastrous purpose in the end for our country.

We as a people cannot continue to become slaves to so many loans.

Dominicans are actually selling our sovereignty, for a few projects.

All this easy money has a Haitian agenda in the end.

A Hispaniola Hidden Fusion Agenda !!!
Written by: josean, 14 Feb 2014 2:34 PM
From: United States, Fighting the Dictatorship of the Narco PLD Mafia; Guillermo Moreno President 2016



"Education first and then rest will come."


bernies your right........but Not according to the USELESS METRO CROWD!


Written by: Vivacuba, 15 Feb 2014 4:45 PM
From: Dominican Republic
Printing digital money they do not have. RUN from the dollar. Change out all your USD for pesos
Written by: HaitiTheCaseStudy, 17 Feb 2014 10:54 PM
From: United States
There are good debts and bad debts. The IDB / World Bank loans to LA Caribbean nations are generally bad debts. It is up to the DR people to determine which one this $1.5 billions really is. The Haitian centrists believe that the EU as well as the IDB will continue to pump money into the DR manufacturing capabilities. And the finish products thereof will have to be sold in some market somewhere. How about Haiti, the nearest market with few local manufacturing industries? Maybe that's why the EU in particular have been spending money fixing many of the main roads connecting Haiti to the DR so that made-in-the-DR products can be easily shipped and distributed throughout Haiti. It is just another hypothesis on the sordid objective of the imperialist nations. Let us continued to talk. "Roadmap to Haiti's Next Revolution"
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