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World Bank funds storm recovery in the Dominican Republic

World Bank funds storm recovery in the Dominican Republic

January 25, 2023
US-based multilateral lender grants a $200 mln loan to rebuild after Hurricane Fiona hit the Caribbean country in September last year

Corporate & Sovereign Strategy International Financial Institutions World Bank Debt Loans Dominican Republic Caribbean International Monetary Fund (IMF) Haiti

The World Bank said it granted a $200 million loan for the Dominican Republic to fund rebuilding projects after Hurricane Fiona in September last year. "Through this financing, more support will be provided for affected communities and the strengthening of the country's institutional capacity to manage climate risk and chart a more resilient, inclusive recovery path," the World Bank said in a press release on Monday. Hurricane Fiona hit the Dominican Republic on September 19 with winds of up to

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