Eight Loans Still Unused in Costa Rica

The next government will have to run most of the loans that have been approved by Congress and which are currently being processed.

Wednesday, October 23, 2013

According to the congressman, Siany Villalobos, "loan projects are moving along an established route of processing which exists in the country. One such example is road works, which must go through a process of expropriations" reported Prensalibre.cr.

"It is a very serious problem facing the country and that is why the Government and Administration Commission are looking at the subject of relaxing the projects or streamlining them, and the same goes for government contracting and environmental studies," he added.

"It seems logical to me that loans or shares that are outstanding with the government should be run, especially in the case of obligations that must be implemented by a new administration," said Rep. Rodolfo Sotomayor.

More on this topic

For and Against the UNOPS

July 2015

While state officials are happy to delegate their responsibilities to the UN Office for Project Services, the Comptroller of Guatemala has declared that its services are "detrimental to the interests of the state".

EDITORIAL

The arrival in Central America of the UN Office for Project Services (UNOPS) was hailed by many as a factor that would allow the execution of public works which are very difficult or impossible for state institutions in the region to run, for various reasons ranging from lack of qualified personnel to simple negligence.

The Fall of Public Investment in Costa Rica

March 2013

In the past three years, the relationship between spending on infrastructure and equipment for public institutions and the country's national production, fell from 9.4% to 6.1%.

Nacion.com reports that "The Comptroller General's Office warned, in its report on the 2013 public budget, of a reduction facing planned investment in the non-financial public sector in respect to production, especially between 2010 to 2013. "

El Salvador: Low Rate of Execution of Investments

August 2011

The government of El Salvador has executed only 25% of the public investment it had planned for 2011.

Public institutions projected works for the year 2011 totalling $1,146 million in social investment programs, municipal investments, and works arising from the effects of Hurricane Ida which hit the country in 2009.

Infrastructure Management in Latin America

May 2009

Annual Economic Development Report (RED) 2009 "Pathways to the Future: Infrastructure Management in Latin America,” by the Andean Development Corporation (CAF.)

Improving societal infrastructure quality and quantity is not only essential to the prosperity and well-being of the people, it is also a significant challenge for public policy.

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