Dominican Republic launches facility to tackle pandemic impact

Banco Central de la República Dominicana

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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