A proposal has been made to extend the concept of real estate development funds to cover public and private projects for all types of infrastructure.
If the reform to the General Regulations on Management Companies and Investment Funds is approved, any investment project, from building houses to hydroelectric stations, will be able to be financed and developed through a special investment fund, that fund which would be called the Fund for Investment Infrastructure Projects.
The visible part is the red tape and high costs of participation. The hidden part is the conflict of interest of its owner, the same commercial banks that offer loans for greater profit.
A recent Costa Rican executive decree, which declared the stock market to be of public interest, raises the need to examine why its development has stagnated, as it is vital to economic growth in terms of a source of financial resource allocation for businesses.
The proposal to finance small enterprises using venture capital remains stalled.
Since last year, authorities have been analyzing financial market regulations that support the creation of the framework and its use for small businesses.
The delay, they say, is because they want to analyze every aspect of it, especially with regard to the risks, believing it could its use could become popularised among investors that do not meet the profile.