Local July 31, 2012 | 10:16 am

US$25.0M loan targets a more efficient migration policy

Santo Domingo.- South Korea’s Government will lend Dominican Republic US$25.0 million to make its migration policy more efficient.

The loan payable in 40 years at 0.2% interest will allow the Immigration Agency to implement the Advanced Immigration Control System.

South Korea Ambassador Park Dong-sil and Immigration director José Ricardo Taveras signed an agreement in the National Palace.

The loan forms part of an agreement dating to 2006, for the use of Economic Development Cooperation Funds from South Korea’s Export-Import Bank.

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