Economy July 26, 2019 | 7:21 am

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.

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