Back

LatinNews Daily - 06 November 2018

In brief: Dominican Republic

* The Inter-American Development Bank (IDB) has announced a US$400m loan for a programme to facilitate the adoption and implementation of sectorial reforms and policies necessary to make the Dominican Republic’s electricity sector more efficient. According to an IDB press release, the goals of the plan include strengthening the electricity sector’s institutional and supervisory capital and enhancing sectorial planning and regulation. Among other things, the loan will also help to support better management and operations at electricity distribution companies and includes plans to boost oversight of the wholesale electricity market to increase efficiency in power generation. The US$400m loan is over 20 years with a one-year disbursement period, a grace period of 5.4 years, and an interest rate pegged to the Libor.

End of preview - This article contains approximately 124 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.