Monday, November 17, 2014

Dominican Republic to adopt reforms to boost productivity with support from the IDB

The Inter-American Development Bank (IDB) has approved a $250 million loan to support policy reforms that will help boost productivity in the Dominican Republic. The loan will give shape to the “Program to Improve Productivity,” which addresses the urgent need to promote reforms that increase the productivity of micro-, small- and medium-sized companies. These firms account for 97 percent of all companies in the Caribbean country and 30 percent of its GDP.

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