World May 16, 2023 | 2:23 pm

Spain grants a loan of 46 million euros to the Dominican Republic to clean up the coastal areas

The Council of Ministers has proposed granting credit of up to $50 million to the Dominican Republic for a universal sanitation program in the country’s tourist and coastal towns. The program will be co-financed by the Inter-American Development Bank (IDB) with $80 million and the Korean Co-financing Mechanism for the Development of Infrastructure in Latin America and the Caribbean (KIF) with $60 million.

The objective of the program is to improve environmental conditions and the health of the residents in the beneficiary localities by providing sustainable and safe sanitation services. The loan will also aim to increase the coverage of safely managed sanitation, enhance the management of drinking water services, and strengthen water and sanitation operators and the National Institute of Drinking Water and Sewers.

The Dominican Republic, classified as a Middle Income Association country, is strategically located and is the main recipient of bilateral Official Development Assistance from Spain. The proposed credit aligns with the goals of the Spanish Cooperation and contributes to the achievement of the Sustainable Development Goals (SDGs), particularly SDG 6 (Clean water and sanitation) and SDG 11 (Sustainable cities and communities) through improved infrastructure.

The investment is included in the General State Budget and will support the Dominican Republic in addressing critical sanitation challenges and promoting sustainable development in the country.

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May 16, 2023 3:39 pm

Wonderful idea! Too bad most of that money will go into the pockets of the usual ladrones.

May 16, 2023 8:59 pm
Reply to  Pedrin

While the loan is paid back on Dominicans people backs….. with interest. Fact is the “loan” is to clean up coastal areas where Multinational Hotel companies ( from Spain) are located with beach front properties. I doubt they will clean near/around Boca Chica or anywhere the avg Dominican frequents. But let’s hope I’m just a ch I am conspiracy theorist! ?

Peter Harris
May 16, 2023 7:18 pm

I hope Boca Chica is on the list !

May 16, 2023 10:08 pm

Spaniards, they own us …most of that loan will end up you know where ,we gonna end up paying it back ,and Haitians gonna clean beaches for $700 pesos per day …”Wolf’s ” are satisfied s da all the “sheep” is accounted for …win-win scenario …