Economy March 8, 2019 | 9:26 am

Deputies approve IDB loan of US$300M for emergencies

Santo Domingo.- The Chamber of Deputies on Thurs. approved a an Inter-American Development Bank (IDB) loan for US$300 million, to be used as contingent financing for emergencies from natural disasters.

Prior to the loan’s approval, the deputies of the opposition party (PRM) abandoned the session, in protest for being denied the floor to argue against the initiative.

The deputies also designated a special commission to study the bill that amends Law 189-11, which aims to develop Dominican Republic’s Trust and Mortgage Market.

Chamber of Deputies president, Radhames Camacho, also instructed the special commission to render a report within15 days.

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