Costa Rica Keeps Getting into DebtThe Legislative Assembly approved a $35 million loan from the Inter-American Development Bank to "support the country in the implementation of its fiscal reform program.”Wednesday, October 2, 2019
At the beginning of July, in the midst of the controversy generated by the recent implementation of fiscal reform in Costa Rica, the approval of a credit to strengthen fiscal sustainability was announced. ¿Busca soluciones de inteligencia comercial para su empresa?Do you need more information about your business sector?Request more information: Need assistance? Contact us
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Panama: $200 Million for Water and SanitationDecember 2020 The Inter-American Development Bank approved a line of credit that the Panamanian government will use to finance the second Program to Support Reforms in the Energy and Water and Sanitation Sectors. Costa Rica: More Debt to Control Spending?July 2019 Costa Rica "will strengthen its fiscal sustainability by controlling expenditure and modernizing the tax system with a $350 million loan approved by the Inter-American Development Bank (IDB)." El Salvador: $200 Million to Finance Public BudgetJune 2019 The IDB loan will be used to finance the payment of pensions in general and of the Armed Forces, subsidize electricity, and increase salary scales for police officers and teachers. El Salvador: $350 million to Cover Fiscal DeficitJune 2018 El Salvador's Congress approved an IDB loan of $350 million to finance the government budget deficit at a 3.25% rate.
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