DomRep Gets $100m Loan

The IDB has approved a $100m loan to the Dominican Republic to help improve the nutrition, health and educational attainment of children and young people from low-income households. The loan is for 25 years, with a 4-year grace period and a variable interest rate based on Libor. The Dominican Republic has also recently received a $120m loan from the IDB to help enhance competitiveness, and a $249m disbursement from the IMF after a review of its stand-by arrangement.