Costa Rica to develop Panamanian border
President Oscar Arias this week signed a $9.2 million loan from the Inter-American Development Bank (IDB) that will be used to finance sustainable development projects in the Sixaola River Basin on the Panama border.
Costa Rica will contribute an additional $2.8 million to the effort, for a total budget of $12 million.
The project aims to preserve the river´s natural patrimony, reduce local vulnerability to natural disasters, promote changes in production near the river and develop a more sustainable way to taking advantage of the river´s resources.
“With a little help, like the one were bringing Sixaola, these communities can escape cruel underdevelopment,” Arias said in a speech during the signing. “With a little help, Sixaola can build dikes and aqueducts, saving its inhabitants from the torment of seeing their houses flooded or destroyed. With a little help, Sixaola can take advantage of its enormous tourism potential and transform it into employment for its young and earnings for its families.”
Among other things, the project will fund initiatives to develop agriculture, environmental protection, ecotourism, and infrastructure improvement in the region.
You may be interested
Alajuelense eliminated in the Costa Rican ClausuraAFP and The Tico Times - April 21, 2019
Liga Deportiva Alajuelense tied 2-2 against the reigning champion, Club Sport Herediano, and was eliminated from the semifinals of the…
Costa Rica bets on ending fossil fuel use by 2050Marco Sibaja / AFP - April 21, 2019
Eric Orlich and his wife Gioconda Rojas own two electric vehicles, which they charge at home in the garage thanks…
Pic of the Day: Costa Rica’s Isla Nublar (aka Cocos Island)Alejandro Zúñiga - April 18, 2019
Isla Nublar, the setting for much of the "Jurassic Park" series, is unfortunately not a real Costa Rican island. Cocos…