Using the format of a trust the National Concessions Council will carry out twelve minor works on Route 27.
The Ministry of Public Works and Transport (MOPT) explained that"...The 5,500 million colones ($10.2 million) will be allocated to the payment of expropriations of property required to provide access to properties that were interlocked with the construction of the road, the design and construction of the works ordered be paid by judicial instances, and for the design and construction of two fixed weighingstations on Route 27, which will be located near the Atenas toll booth. "
An announcement has been made for a funding line for micro, small and medium enterprises without collaterals such as mortgages, wage guarantees or financial analysis.
Using a methodology developed by Harvard University, which measures the skills, knowledge and abilities of the applicants, Costa Rica's Bancrédito bank will provide loans to small and medium enterprises.
The fall in interest rates has caused an increase in bond prices, encouraging holders to make profits.
During the first quarter of 2013, the stock market in Costa Rica grew by 18%, with the secondary debt market being the best performing, going from $1.34 billion in the first three months of 2012 to $3.459 billion in the same period of 2013.
The idea that the Central Bank of Costa Rica be a fund manager for the Development Bank has been rejected by its President Rodrigo Bolaños.
An article in Nacion.com notes that the strange idea originated in the office of the second vice president of Costa Rica, Luis Liberman, where it probably passed by the Economy Minister Mayi Antillon, who most likely presented it at the Development Bank Commission of the Legislature.
The intention would be to overcome the paralysis of $320 million from the Development Banking System of Costa Rica by giving over its management to the central bank.
The fund consists of 17% of current accounts of commercial banks in Costa Rica, known as the "bank toll" amounting to $320 million which is supposed to be used to grant loans to micro-entrepreneurs, within the Development Banking System.
The Costa Rican government is looking at the budgets of the robust state-owned banks as a possibility for satisfying its hunger for taxes.
A bill, over which discussion has already started in the Treasury Commission of the National Assembly, and which is called "Act for the Efficient Management of Public Finances" is a so-called alternative to the Chinchilla government’s failed fiscal plan.
The Bank of Costa Rica is the new administrator of the National Trust for Development, having secured the tender created for that purpose.
The Governing Board of the Banking System for Development (SBD) awarded by unanimous vote the administration of National Development Trust (FINADE), to the Banco de Costa Rica (BCR), following a tender.
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