DR Gets $200m IDB Loan

The Dominican Republic’s electricity sector is getting a boost with a $200m loan from the Inter-American Development Bank to aid in “efforts to improve the efficiency, financial management, supply and service quality of the energy sector.” The 20-year loan has a 5-year grace period and an undisclosed interest rate with a spread over Libor. It builds on previous IDB development in the area, which has included a sector modernization plan, power transmission improvements and other reforms.