Dominican Republic to Receive Emergency Loan From IDB

    The Dominican Republic is expected to receive USD500 million from the Inter-American Development Bank to help

    for the country's core social programs. The money will be used to increase the government's spending on education, health care, and targeted subsidies. It will also help streamline energy subsidies and improve the management of the country's power companies.

    About the author

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      Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.