$115 Million for Customs in Costa Rica

The first contract for $15 million was signed for the construction of the Customs Office in Peñas Blancas to be inaugurated in late 2009.

Friday, April 17, 2009

The $15 million are part of the trust for $115 million from the Ministry of the Treasury and the National Bank of Costa Rica. The Trust also includes the construction of a Customs Office in Paso Canoas, and Ciudad Hacendaria (Treasury City), an office complex of four hectares that will be located in Calle Blancos."

Esteban Ramirez wrote in Elfinancierocr.com: "In this “Treasury City”, the public treasury intends to consolidate all offices and services that are currently scattered in various buildings in the capital."

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Costa Rica: $ 760 million in Securities

November 2010

6 public investment projects, including infrastructure and telecommunications, are ready to be securitized by Banco Nacional.

According to Nacion.com, "Juan Carlos Araya, deputy manager of the Bank, said the six initiatives have already been approved by the Comptroller General of the Republic, and only need to adjust the prospects of new regulations."

Costa Rica Could Lose $850 million in Loans

May 2009

IDB loans in that amount for road infrastructure have not been implemented and are at risk.

During a visit to Costa Rica, IDB president Luis Alberto Moreno urged the country's legislature to approve the use of funds for roads, ports and airports, indicating that excessive delays could put the loan at risk due to the high demand of resources by other countries.

INS Costa Rica to Invest $270 Million in 2012

March 2012

The institution said it will invest a total of $270 million during 2012, mainly in the construction of a Trauma Hospital and IT modernization.

These initiatives were conceived in 2007 when the institution outlined its Integrated Plan for Competitiveness, said William Constenla, CEO of the Instituto Costarricense de Seguros (INS).

Costa Rica records US$173 million fiscal surplus through April

May 2008

Costa Rica recorded a fiscal surplus of US$173 million in the first four months of the year, providing the government with more funds to invest in security and agriculture, Finance Minister Guillermo Zúñiga said.

Thanks to the surplus, Costa Rican will face no problems in achieving its state spending objectives for this year, Zúñiga said. Besides agriculture and security, more funds would also be available to fight poverty.

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