March 16, 2006
IDB approves $5 million line of credit to Dominican Republic for project preparation, execution and evaluation
Support for streamlining and improving quality of operations
The Inter-American Development Bank today announced the approval of a $5 million conditional revolving line of credit to Dominican Republic to support the preparation, execution and evaluation of projects.
These resources will be used to finance activities and investments related to designing projects, expanding executing agencies’ capacity to carry out operations, strengthen their institutional frameworks and conduct ex post evaluations of projects.
This operation seeks to streamline and speed up project preparation and execution, thereby reducing implementation costs. It also aims to improve the quality of IDB-financed projects in Dominican Republic.
The IDB project pipeline for 2006-2007 includes possible loans to the Dominican Republic for around $500 million for state reform, financial sector modernization, road rehabilitation, public health, watershed and coastal management and productive sectors development.
The Presidential Office’s Technical Secretariat will be the national coordination agency for the line of credit from the IDB’s expanded Project Preparation, Execution and Evaluation Facility, a flexible financing instrument that allows individual operations to be approved under guidelines set by the Bank’s Board of Executive Directors.
Also available in: Español
°More information
Dominican Republic and the IDB
°Press Contact
Peter Bate peterb@iadb.org (202) 623-2609
© 2006 Inter-American Development Bank
