World Bank holds on to funding for Dominican energy sector

The World Bank has refused to issue funds from a $100 million loan for Dominican Republic?s energy sector because the government has yet to fulfill certain conditions. These conditions, according to Cristina Malmberg, the bank?s representative to the country, include a boost in collection indices, which remain at a slow pace. Malmberg voiced confidence that the country will meet the requirements and expects disbursements to begin in two months or allow the Dominican Republic to request for a 12-month extension of the loan. (Source: World Bank funds still remain retained for Dominican energy sector/Dominican Today)

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