Dominican Republic launches facility to tackle pandemic impact
Equivalent of $1 billion made available for bank to lend to firms and households
The Central Bank of the Dominican Republic is introducing a new facility, making more funds available to support bank lending to businesses and households.
The central bank has made D$60 billion (US$1 billion) available for banks to borrow through the rapid liquidity facility. Banks will then be able to use these funds, which in total are equivalent to roughly 1.1% of GDP, to lend to companies and households located in regions most affected by the Covid-19 pandemic.
The central bank has
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