WASHINGTON.- The Inter-American Development Bank (IDB) announced on Friday a US$30 million loan for the Dominican Republic to promote tourism in Santo Domingo’s Colonial Zone.
The funds will promote and restore the Colonial City, declared Patrimony of Humanity by UNESCO, to offer it as tourist destination, in a country better known for its beaches.
“The program contemplates the tourist development of the Colonial City with an integral vision to assure not only quantitative growth, but mainly qualitative, and in an ordinate and sustainable manner,” said IDB project manager Mercedes Velasco in a statement.
The IDB said tourism is one of the Dominican economy’s top pillars, a sector which in 2009 generated 6.3% of the GDP and 64% of hard currencies (US$4.1 billion), employed 200,000 people and attracted 9% of the direct foreign investment.

Power lines put underground .. Incentives for people to restore houses ....at least one more large public car park like that in Jose Reyes or underground....wide shade trees at close intervals along Conde so it can be a walking street with many cafes and restayrants and people can sit and eat in the shade . ...a police force that works at night and not just in the day hours ...rubbish bins at corners ...maybe convert Calle Mella as a walking street with outlet shops and the current la Sirena and repair shops ,and have all the gua guas in Ave mexico ..that will mean that Zona Colonial can be from Ave mexico to el malecon ,..
If this was done I believe that Zona Colonial would be a grest tourist destination but it needs much more than $30 million
@ Ricardolito.
Great suggestions! Also, close off vehicular traffic across from Conde to plaza Independencia.
Chase away the tigueres and prohibit soliciting and harassment of tourists.
There are other streets that should also be turned into pedestrian malls.
hopefully some of that $$ can be use for some old house renovation.
What should be done is for the IDB to establish its own operations facility and staff in country to oversee the distribution and use of the funds. This would suggest to keep it out of the hands of less than civic minded government administrators who would siphon off portions of the fund for their own agendas. The IDB direct management of the funds would insure the investment is served where it is supposed to serve.
The only way it would work is that the Dominican entitlement brigade do not have access to the money.