$850 million credit for infrastructure in Costa Rica

IDB approved the loan for the repair of highways, bike paths, the airport in the southern zone of the country, and even for the Metropolitan Electric Train.

Tuesday, August 12, 2008

The Legislative Assembly will decide if the country accepts the loan or not.
President Oscar Arias called on lawmakers to vote in favor of the credit. "We respectfully asked the members of the Assembly to approve it as quickly as possible because we have waited many years to improve our infrastructure.

More on this topic

Government of Costa Rica Takes Out Loans It Doesn't Use

October 2013

Interest and fees are paid for $781 million in outstanding loans, of which only $41 million have been used, 5% of the total.

The country pays interest and fees for a total of nine loans that have hardly been used. "Up until August, the Government paid a total of $3.8 million in commitment fees and interest on loans that were first implemented in the last four years ...", reported Nacion.com.

Nicaraguan legislators approve US$65.3 in loans from abroad

May 2008

Nicaragua's Parliament approved the receipt of US$65.3 million in loans for highways and health services.

The first loan approved by the legislators was US$20 million from the Inter-American Development Bank for health services on the Atlantic Coast, mainly for repairs to the municipal hospital at Puerto Cabezas that was destroyed by hurricane Felix last September.

Panama to Receive $ 1.000 Million from IDB

March 2011

The IDB will make available $ 1.000 million over the next four years to develop infrastructure and energy projects.

Among projects to be developed is the improvement of the bay area in Panama City, programs to strengthen the energy sector, investments in sanitation and drinking water and programs which strengthen fiscal management.

Infrastructure Loan Halted in Costa Rica

June 2011

The opposition in Congress will not approve a of $60 million BID loan until project plans have been submitted.

The resources that the government intends to use to strengthen the country's cantonal roads will have to wait, because the opposition has refused to approve the funding unless the list of projects to be financed by this loan are disclosed.

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