Chamber of Deputies approves loan for US$200 million

The Chamber of Deputies approved this Tuesday a loan for the total amount of 200 million dollars.

In the working session, the legislators favorably approved the loan signed with the Japan International Cooperation Agency (JICA) in the amount of US$200 million to finance the “Program for the Strengthening of Public Policy and Fiscal Management in Response to the Health and Economic Crisis caused by COVID-19 in the Dominican Republic”.

The loan was approved with 79 votes in favor, 24 against and 45 abstained.

The report clarifies that the loan with JICA will be used to contribute to the fiscal management of the Government and “develop a program of budgetary support for the measures implemented to respond to the health, social and economic impact of the pandemic”.

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In another order, the Chamber of Deputies also approved the purchase of 12,240 series “B” shares of the authorized capital of the Central American Bank for Economic Integration (CABEI).

The shares will have a total investment of USD$122,400,000.00, but for the concept of capital payable, 25% corresponding to USD$30,600,000.00 will be paid in the first instance.

The Government had previously acquired and holds some 25,600 CABEI shares.

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