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IDB to finance US$2bn projects in 2011 (Dominican Republic)

IDB expects to provide US$2bn in financing for Central America and the Dominican Republic in 2011 for priority areas including infrastructure and efforts to deal with natural disasters and climate change.

Infrastructure funding will focus mainly on roads and energy, according to an IDB release.

Bank representatives met with Honduran President Porfirio Lobos, finance ministers and central bank presidents from Central America and the Dominican Republic at IDB's 25th Meeting of Governors of the Central American isthmus and Dominican Republic, to discuss ways to advance the area's integration progress.

"As a region we need to advance in the integration processes, developing new mechanisms that will allow us to make our integration ideals a reality," Lobos said.

Other priorities for IDB funding in the region will include citizen security and strengthening public finance.

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