PM Skerrit says loan approval from China EXIM Bank would benefit both AID Bank and the Dominican economy
Prime Minister Roosevelt Skerrit says it is his hope that an application of the AID Bank to the EXIM bank in China is successful.
Mr. Skerrit believes that if it is successful, it would be a plus for both the bank and the Dominican economy as the bank would be able to un-lend to the private sector at a maximum interest rate of six percent.
The Export-Import Bank of China is focused on promoting foreign trade and investment as well as development assistance in concessional funding.
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