Costa Rica: $500 Million to Address Covid-19 CrisisThe Costa Rican Assembly approved in second debate a credit with the Latin American Development Bank, which will be used to assist people who lose their jobs, as well as employers and independent workers.Tuesday, March 24, 2020
The funds from the $500 million loan from the Andean Development Cooperation, which was originally planned to be used for debt repayment, will be used to finance the Costa Rican government's response to the national emergency caused by the Covid-19 virus, the Legislative Assembly reported. Source: Nacion.com ¿Busca soluciones de inteligencia comercial para su empresa?Debt Market: Plans in Costa RicaMarch 2021 In addition to the $1,750 million that the government is seeking to obtain through the loan it is negotiating with the IMF, during the four years between 2022 and 2025 the country plans to place $4,000 million in foreign debt bonds. Costa Rica: $300 Million More Debt to Face the CrisisJuly 2020 The Central American Bank for Economic Integration approved a line of credit for the country to reinforce its fiscal sustainability and strengthen its macroeconomic stability, in the context of the economic crisis that arose from the outbreak of covid-19. $515 Million Approved for Healthcare SystemApril 2020 The IMF approved a loan in favor of the Panamanian government, whose funds will be used to finance health expenses and support the vulnerable population affected by the covid.19 Costa Rican Government Keeps Going into DebtApril 2019 The Andean Development Corporation approved a $500 million loan to the government of Costa Rica, which will be used to "achieve fiscal sustainability in the short and medium term.”
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