The Legislative Assembly approved, in a first debate, the $1.778 billion loan from the International Monetary Fund (IMF).
Economic growth led by the United States and China is accelerating, amplifying the risks of an uneven global recovery.
The Executive Branch summed 36 bills to the floor of the Legislative Assembly for debate, including three that relate to Costa Rica's negotiations with the International Monetary Fund (IMF).
The Central American country's fiscal deficit reached 8.3% of GDP in 2020, the highest in the last four decades, although lower than the Central Bank's 9.2% projection.
Costa Rica has reached a preliminary agreement with the International Monetary Fund (IMF) for a $1.75 billion loan.
Costa Rica closed 2020 with a fiscal deficit of 8.3% of GDP, the highest in recent decades although lower than the official projection, the government announced Monday.
The original IMF proposal unleashed a wave of protests, with road blocks throughout the country, which forced the government of Carlos Alvarado to withdraw the initiative.