On March 18, 2010 the Executive Power passed Law 48-10 in which Congress authorizes "to issue Dominican Republic Bonds up to US$1,000,000,000.00 to be placed in the international capital markets under the most favorable conditions for the country.  That law was approved by the National Congress on Friday 12^th. 

The funds will be used to finance infrastructure projects in the road, water and transport sector, as well as for investment and economic support in health, education and environment.  

The international banks Citi and Barclays were selected, among ten first-rate banking entities, through a bidding process by the Ministry of Finance to undertake the first placement of this issue in 2010.

For more information please see Law No. 49-10 (link).