Dominican Republic receives $75m to upgrade social protection

8 Apr 15

A $75m loan package for the Dominican Republic has been approved by the World Bank to some of the poorest provinces benefit from social protection, better employability and housing.

The Integrated Social Promotion and Protection Project will also increase access to National Health Insurance and education.

Although the Dominican Republic’s economy has grown at an annual average rate of 6.7% over the last decade, making it one of the best performing countries in Latin America and the Caribbean, poverty and inequality continue to present a challenges.

Margarita Cedeño de Fernández, the current vice-president of the Dominican Republic, described poverty as ‘structural, a multi-headed monster’. She said the government’s approach to tackling it must include integration and inter-institutional coordination in order to be efficient.

‘Because I believe in strengthening an inclusive and reliable social protection system that has ample coverage and equity, I once again commit to broadening the interventions we have boosted in the last decade with the Progresando Programme, ing many families out of poverty,’ said Cedeño de Fernández.

Sophie Sirtaine, World Bank director for the Caribbean, noted that the project would try to provide equal opportunities to all Dominicans, by strengthening existing safety nets and facilitating the employability of the most vulnerable people, in particular young women and men.

‘It also s strengthen the targeting system and scales up an innovative system of citizen reports for more efficiency and transparency in the social protection system,’ she added.

  • Judith Ugwumadu
    Judith Ugwumadu

    Judith writes about public finance, public services and economics across Cooking Recipes International and Cooking Recipes. She previously undertook reporting stints at Financial Adviser, Global Security Finance and The Sunday Express.

Did you enjoy this article?

Related articles

Have your say

CIPFA latest