2023-11-07 04:49:29
Abinader heads the La Semanal meeting every Monday.
SANTO DOMINGO.- President Luis Abinader announced this Monday the availability of 3,000 million pesos that the Government will lend to the construction and agriculture sectors to help them with a mechanization plan with the aim of reducing dependence on labor. foreigner.
When participating in the National Palace in the “La Semanal con la Prensa” meeting, he said that the resources will be available through the Development and Export Bank (Bandex).
“The purpose is to reduce the need for cheap labor and foreign labor and make national production more efficient,” said the president.
He said that this program will help finance machines for the aforementioned sectors, whose workforce is mostly Haitian.
Recently Abinader warned that foreign labor “has its days numbered” in the Dominican Republic.
LOANS AT A RATE OF 9.5%
“We already have the 3,000 million pesos in the institution,” said the general manager of Bandex, Juan Mustafá Michel, who indicated that the interest rate on the loans will be around 9.5%, with a grace period of up to six months.
He said that the process can be done through the Agribusiness Board and other related organizations.
In another order, he reported that the entity went from 100 million to almost 7,000 million in loans and from 7,000 in assets to almost 20,000 million.
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