The Senate of the Republic approved this Wednesday a Trust Agreement with the Infrastructure Development Fund (FDI), signed by the Dominican State, represented by the Ministry of the Presidency and the Fiduciaria Reservas.
The senators approved an amendment with the aim of modifying the rate for several agreements and changing it from Libor to Sofr. Pedro Catrain, president of the Senate Finance Committee, asked the plenary to include these files, sent by the Executive Branch, in the legislative work on Wednesday.
The Plenary approved in a single reading several agreements, including the agreement between the Dominican Republic and the International Bank for Reconstruction and Development (IBRD), for the project to support the implementation of the State Reform and Modernization Plan. Likewise, agreements between the Dominican Republic and the OPEC Fund for International Development (OFID), for the Program for the Improvement of the National Distribution Systems, which will be executed by the Eastern Distribution Company (Edeeste).
