Bandex has approved RD$730 million of funds to finance clinics

From the RD$2 billion fund provided by the Government to finance private health centers and thus strengthen the health sector, the Development and Exports Bank (bandex) has approved an amount of RD$730 million and of these has disbursed RD$115 million.

The entity informed Listín Diario that until now 390 applications have been received from all over the country and that, of these, loans have been conditionally approved for an amount of RD$730 million.

The Bandex indicated that the approved loans correspond to projects located in the provinces of Santo Domingo, San Cristóbal, San Francisco, La Vega, La Altagracia, Santiago, Valverde, Montecristi, Peravia, San Pedro de Macorís, Monseñor Nouel and Bahoruco.

In the first week of April of this year, President Luis Abinader announced the establishment of a RD$2 billion fund to loans under special clinical conditions and private health centers in order to promote their development and increase their capacities.

The purpose of the Government is to finance the construction, expansion and technological modernization of clinics and private health centers. The announcement was criticized by different sectors pointing out the high need for resources that public hospitals have.
The Bandex explained that funds are disbursed through loans under contractfollowing the requirements established in the Monetary and Financial Law of the Dominican Republic.

It maintains that, in addition to completing the documentation required in the regulations to obtain a loan, applicants must present the authorization permit from the regulatory bodies of the health sector and other institutions.

Interest rates range between 6.5% and 11% if the loan is in pesos and from 5.50% to 7.5% in dollars, with a term of up to 20 years. .

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