Dominican Republic gets a US$50M loan to reduce disaster risk
Santo Domingo.- The Dominican Government on Thurs. signed a loan agreement with the European Investment Bank for US$50 million to carry out public works improvement projects to reduce disaster risk.
The fixed interest rate is 4.20% and 20-year repayment term, including a five-year grace period.
The project will have a non-reimbursable financing of 16.6 million euros, provided by the Caribbean Investment Fund (CIF) to finance pre-investment reports, as well as support for the construction of homes and other complementary activities.