World Bank

The World Bank is like a cooperative, made up of 189 member countries with the purpose of fighting and eradicating poverty. It works with middle income countries through Bank for Reconstruction and Development, offering innovative financial solutions and knowledge and technical services, and strategic advice to developing countries.

The World Bank through IBRD finances projects across all sectors and provides technical support and expertise at various stages of a project, creating access to jobs, markets, and social services for general population; and helping provide them with essential services such as water, electricity, and roads; working with governments to improve governance and public sector management.

Within the Electric Network Rehabilitation Program, the World Bank contributes with a loan of USD 120 million, the largest in Dominican Republic’s history of cooperation, to achieve the rehabilitation and improvement of 15 circuits in national territory. For more details on this cooperation, visit the World Bank’s project overview here.