Loan to Costa Rica for infrastructure raises objections
The road ahead for the $850 million loan approved by IDB to carry out several infrastructure programs is not as clear as the Government would wish.
Wednesday, August 13, 2008
"President Arias left the country in debt in 1990 and we won’t allow him to do it again, at the time we (lawmakers) had to run to Washington and South America to borrow money to pay for the goals he had committed to," said Jorge Eduardo Sanchez, from the Social Christian Unity party.
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.
Costa Rica approved a line of credit from the IDB for the rehabilitation of roads and improvements to the road infrastructure in cities and national routes.
Congress approved five loans totaling $950 million to finance this year's budget.
The Inter-American Development Bank has granted a loan of $91.5 million to improve 150 kilometers of roads.
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