Dominican Republic programs / Dominican Republic project 517-0263 · 1991–1992 · financial sector
FY 1992 Economic Support Fund program to provide a cash transfer of U.S. $5 million to the Government of the Dominican Republic (GODR) to support the sustained implementation of its economic stabilization program and to address sectoral bottlenecks that constrain the country's development. Program funds will be used to finance U.S. source-origin productive inputs for the private sector. Local currency generations will be used to retire domestic debt owed by the Dominican Electric Corporation to the GODR. Conditions precedent include: sustained implementation of the GODR's economic reform program and current stand-by arrangement with the IMF; actions to facilitate private sector investment in electric power projects; and continued adherence to Dominican initiatives to improve workers' rights. Additional cash transfers of $5 million each are expected in FY's 1993 and 1994.
Source: DEC abstract, PD-ABF-543 (1992). The source's own text.
Operated in: Dominican Republic.
When the program ran, from its start year to the latest document year. A hatched bar means the start is our estimate.
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Operated in Dominican Republic, 1991 to 1992 2 sources
Scope: country: Dominican Republic. The award code belongs to this country's mission. High confidence.
How sure we are: 0.9.
| Name | Years | Basis | Evidence |
|---|---|---|---|
| 1991 to 1992 |
| Stated in a document |
| 2 sources |
| Name | Years | Basis | Evidence |
|---|---|---|---|
| Dominican Republic | 1991 to 1992 | Stated in a document | 2 sources |
Sector profile (computed): Financial sector (banks, credit, microfinance, markets) 51%; Good governance 17%; Energy (power, fuels, renewables, efficiency) 9%
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Program key prj:5170263