President Luis Abinader received this Tuesday at the National Palace the British ambassador in the Dominican Republic, Mockbul Ali, who announced that, “because of the confidence in the Dominican economy, his administration will expand line of credit to the state to 4,000 million pounds sterling (5 billion dollars) and for this purpose the signing of a Memorandum of Understanding (MoU).

this MOU, which will be signed at the State Palace in the coming days. will give the state access to resources “for implementation strategic project infrastructure, among others water, public health and transportationgiving it one of the most extensive country coverage in the Latin American and Caribbean region with financing of up to 4 billion pounds,” details a government press release.

He emphasized that the diplomat made it clear that this was a reflection of a broader cooperation that reflects strengthening bilateral relations for more than 170 years friendship, and which is currently reaching new heights”.

“The UK government is very proud of the unprecedented strength of this bilateral relationship and, as a result, we will be signing this Memorandum of Understanding which, for the first time, will provide up to £4 billion for the Dominican Republic. implementing large-scale social and economic development projects“, he insisted.

Joel Santos, Minister for the Presidency; José Julio Gómez, Undersecretary of State for Bilateral Foreign Policy; Graham Jessup, Deputy Head of Mission, and Gerson Pérez, British Embassy Commercial Officer