The Inter-American Development Bank (IDB) has approved a $150 million loan to the Dominican Republic to gradually consolidate social security coverage and improve efficiency in health care spending by deepening reforms the government has been implementing in both sectors.

The program consists of a policy-based loan that aims to consolidate implementation of the Dominican Social Security System (SDSS in Spanish) created in 2001 and the National Health Care System. In order to achieve this, the legal framework for the design of financing regimes will be modified. Also, operational measures will be put into place, as will monitoring systems and financial information and education. Gradual coverage increases are expected in both the Subsidized... Read More