The objective of the program is to support the fiscal policies and actions that the Government of the Dominican Republic is carrying out to confront the COVID-19 pandemic, with the aim of restoring macroeconomic stability and fiscal sustainability. The structure and content of the program are aligned with the Rapid Financing Instrument (IFR) of the International Monetary Fund (IMF), which will be approved on April 23, 2020. The budgetary support of the Special Financing Loans for Development (SDL) will help finance efforts to contain the health crisis, mitigate its impact on vulnerable households, and promote anti-cyclical policies that reduce its effect on the economy in the short term.

Project Detail

Country

Dominican Republic

Project Number

DR-L1145

Approval Date

July 1, 2020

Project Status

Closed

Project Type

Loan Operation

Sector

REFORM / MODERNIZATION OF THE STATE

Subsector

FISCAL POLICY FOR SUSTAINABILITY AND GROWTH

Lending Instrument

Financiamiento Especial para el Desarrollo

Lending Instrument Code

SDL

Modality

SDL_S (Single Tranche SDL)

Facility Type

-

Environmental Classification

Uncategorized Directive B.13

Total Cost

USD 250,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 250,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5066/OC-DR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Emergency Financing
Operation Number 5066/OC-DR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Emergency Financing

Can’t find a document? Request information

 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8373
Loan Contract
Contrato - Programa de Emergencia para la Sostenibilidad Macroeconómica y Fiscal.pdf
Nov. 13, 2020
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48823
Loan Contract
Programa de Emergencia para la Sostenibilidad Macroeconómica y Fiscal - República Dominicana.pdf
Jul. 02, 2020
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48824
Loan Contract
Emergency Program for Macroeconomic and Fiscal Sustainability- Dominican Republic.pdf
Jul. 02, 2020
English
https://www.iadb.org/document.cfm?id=EZSHARE-1086930900-17
Loan Proposal
República Dominicana. Programa de Emergencia para la Sostenibilidad Macroeconómica y Fiscal.pdf
Jun. 24, 2020
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1086930900-18
Loan Proposal
Dominican Republic. Emergency Program for Macroeconomic and Fiscal Sustainability.pdf
Jun. 24, 2020
English

Have an Environmental or Social issue related to IDB projects? File a Complaint