Costa Rica Applies for $ 132 Million IDB Loan

The Government signed a declaration of intent for a loan in order to fund new security programs.

Wednesday, March 2, 2011

Justice Minister, Hernando Paris, said the funds will be used to strengthen the penitentiary system ($ 74.3 million) and for social programs aimed at young people living in high risk areas.

"The amount required to implement the projects is $ 187.8 million, so the country would provide $ 55.8 million," reported Nacion.com.

The Executive Board of the Inter-American Development Bank (IDB) must first approve the agreement then request endorsement by the Central Bank, the Finance Ministry and finally get Legislative approval.

More on this topic

El Salvador: $100 million for Public Safety

May 2016

The loan proceeds signed with the CABEI will go towards the construction of police stations, purchase of safety equipment and vehicles and improving the capacity of criminal investigation.

From a statement issued by the Presidency of El Salvador:

San Salvador May 24, 2016.- The Central American Bank for Economic Integration (CABEI) and the Government of El Salvador today signed a loan amounting to US $100 million that will facilitate priority investments in infrastructure, basic and specialized police equipment which will increase the coverage of public safety services, reducing crime rates and violence by improving operational capacity and responsiveness.

Bureaucracy threatens loans worth $179 million

April 2012

In Guatemala, legislative barriers are delaying 3 loan approvals for infrastructure, competitiveness and development.

Three loans totaling $179 million are in danger of being lost due to delays in Congress in approving the loans, despite having them on the agenda.

One is for $29 million for a National Programme for Competitiveness (Pronacom), which is on the verge of collapse due to lack of funds, reports El Diario de Centro America.

$132 million Approved for Prison System

January 2012

Costa Rica's congress has approved a loan agreement with the IDB to finance a program entitled ‘Prevention of Violence and Promoting Social Inclusion’.

A press release from the Legislative Assembly of Costa Rica reads:

Tonight (January 23rd , 2012), the deputies approved in the second reading case number 18157 - Approval of a Loan Agreement signed between the Republic of Costa Rica and the Interamerican Development Bank (IDB) - to finance a program for Preventing Violence and Promoting Social Inclusion.

IDB approves $90 million loan for Nicaragua

August 2008

The funds are to be used for the rural production reactivation program and for poverty alleviation programs for Nicaragua's poorest.

The president of the Inter-American Development Bank (IDB), Luis Alberto Moreno, expressed Sunday in Nicaragua their willingness to continue supporting the government of Daniel Ortega in energy development, rural production and food crisis relief projects.

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