The US is guaranteeing $42 million in loans by the Dominican Republic’s largest bank as it pushes to boost ties and counter Chinese inroads in Latin America and the Caribbean.
The US International Development Finance Corp. is providing the support to Banco de Reservas de la Republica Dominicana to support women entrepreneurs, small businesses and green lending, the agency said in a statement. The announcement came during a visit by Samantha Power, President Joe Biden’s chief for humanitarian aid, and DFC deputy head Nisha Biswal.
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Publish date : 2024-08-07 09:08:00
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