Dominican Republic, Oct. 16 -- The Board of Executive Directors of the Inter-American Development Bank (IDB) approved $16.1 million in financing to assess the potential development of the rare earths in the Ávila Mining Fiscal Reserve (RFMA) in the Dominican Republic.The program will finance a comprehensive set of technical, environmental, social, economic, financial, legal, and infrastructure studies to prepare a prefeasibility study of the RFMA rare earths deposit.The program is part of the IDB Group's regional initiative America en el Centro, which promotes sustainable development, resilience, and integration in Central America, Panama, and the Dominican Republic. The program is also aligned with IDB LAC Minerals, which seeks to transfor...