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Dominican Republic asks IDB US$145M to reforest river basins

Santo Domingo.- The Dominican Republic has requested US$145 million  in funding from the Inter-American Development Bank (IDB) for several sustainable community development projects to recover rescue and protect watersheds ravaged by deforestation, and bolstering agro production to create thousands of jobs.

Presidency administrative minister Jose Ramon Peralta presented the project on Friday, which seeks to reduce poverty through quality jobs and also eradicate small l plot and subsistence farming.

Accompanied by several senior officials, Peralta presented the funding request to an IDB commission headed by Flora Montealegre.

The projects, Peralta says, some of which are already underway, will positively impact low income people of La Vega, San José de Ocoa, San Juan and Barahona provinces.

Among the projects the Government has already initiated figure the reforestation and sustainable development in Sabaneta (west) township, the village Hondo Valle, both in Elias Piña province; and a third in Barahona (southwest).

In agricultural the project aims to support coffee and avocado production, which seeks to reforest river basins and generate income, in addition to beekeeping and fish farming.

Among the river basins which the protect sets out to protect figure Yaque del Sur, Paraiso, San Juan, Macacía and Artibonite, under labor intensive reforestation.

Funds are there

After affirming the IDB’s willingness to fund the projects Montealegre said its only condition is that local matching funds are guaranteed, to which Peralta responded, “no problem, because there is a profound political will on the part of the head of state.”

Source: DT

Oct 28, 2016

Category: DR News |

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Last updated March 25, 2017 at 5:40 PM
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