Dominican Republic announces easing measure

It is necessary to react to “unstable” global economy, governor Héctor Valdez Albizu says

Banco Central de la República Dominicana

The Central Bank of the Dominican Republic has launched a new credit facility, in a move aimed at boosting economic growth as an insurance measure against difficulties in the global economy.

The central bank has made just over 29 billion pesos ($577 million) available to increase credit growth in the economy, governor Héctor Valdez Albizu declared in a meeting with two of the country’s banking bodies on June 3.

The measure is aimed at facilitating loans to key export sectors, such as

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