Dom Rep: Small & Medium Businesses Get Bailout
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- Published on Saturday, 08 September 2012 12:20
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(Dominican Today): Santo Domingo.- The Government allocated more than RD$10.0 billion (US$256.4 million)to promote Small and Medium Businesses, Presidency chief of staff Gustavo Montalvo announced Thursday.
He said the Reservas Bank has RD$4.6 billion available, the Agricultural Bank RD$2.0 billion; the Promipyme Agency RD$1.5 billion, the Bank Solidarity, Women and the Poor RD$ 1.0 billion, in addition to another billion pesos donated by the EU for technical assistance and training.
The official said the SMEs can borrow through the Reservas Bank, Agricultural Bank and Promipyme at a preferential rate, according to the applicant’s repayment capacity.
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