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Costa Rica
Thursday, May 19, 2022
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Public sector loans

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.

Costa Rica bankers offer $500 million trust to finance infrastructure projects

The board of directors of the Costa Rican Banking Association (ABC) on Thursday met with President Luis Guillermo Solís and members of his economic team to present a plan to boost the country’s economic growth. ABC's proposals include an offer for a $500 million trust fund to finance public infrastructure projects.

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