The House of Representatives approves the $ 200 million loan

Nasha V. Cruz C. / Paul Mathiassen

The House of Representatives approved the $ 200 million loan this Tuesday.

During the session, the legislators approved a $ 200 million signature agreement with the Japan International Cooperation Agency (JICA) to fund a program to strengthen public policy and financial governance. COVID-19 in the Dominican Republic.

79 votes in favor, 24 votes against, and 45 abstained.

The report clarifies that the loan with JICA will be used to contribute to the financial management of the government and to “develop a budget support program for activities implemented in response to the health, social and economic impact of the epidemic.”

Subscription of shares

In another order, the House of Representatives approved the purchase of 12,240 series “B” shares of authorized capital by the Central American Economic Coordinating Bank (CABEI).

The total investment in the shares is USD $ 122,400,000.00, but for the capital to be paid, USD $ 30,600,000.00 will be paid at the first event corresponding to 25%.

The government previously acquired and maintained 25,600 shares of CABEI.

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