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Inter-American Development Bank

Costa Rica struggles to manage $1.7 billion in development loans

The Finance Ministry and the Inter-American Development Bank have been trying to speed up the implementation of more than $1.7 billion worth of development loans in energy, infrastructure, security, education and other strategic sectors. Costa Rica has struggled to complete its public works projects in the past, including those with IDB funding, on time and on budget, according to Casa Presidencial.

Central American economies expected to grow by 3.5 percent in 2014

PANAMA CITY – The economies of Central America will grow an average of 3.5 percent this year, half a point more than that estimated for Latin America and the Caribbean, according to the Inter-American Development Bank (IDB).

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