Loan to Costa Rica for infrastructure raises objections

The road ahead for the $850 million loan approved by IDB to carry out several infrastructure programs is not as clear as the Government would wish.

Wednesday, August 13, 2008

"President Arias left the country in debt in 1990 and we won’t allow him to do it again, at the time we (lawmakers) had to run to Washington and South America to borrow money to pay for the goals he had committed to," said Jorge Eduardo Sanchez, from the Social Christian Unity party.
In addition to the Social-Christians, the debt is also being questioned by the Citizen Action party and the Libertarian Movement party.

More on this topic

Nicaragua: $91 million for Road Infrastructure

September 2013

The Inter-American Development Bank has granted a loan of $91.5 million to improve 150 kilometers of roads.

A press release from Inter-American Development Bank (IDB) reads:

Nicaragua will improve the efficiency and safety of its road transport system and promote regional integration using a loan of $91.5 million approved by the Inter-American Development Bank (IDB).

$850 Million For Roads and Highways

June 2009

Costa Rica approved a line of credit from the IDB for the rehabilitation of roads and improvements to the road infrastructure in cities and national routes.

The loans for $850 million authorized by the Inter-American Development Bank (BID acronym in Spanish) were approved by the Legislative Assembly of Costa Rica for financing of the Transportation Infrastructure Program.

Guatemalan Congress approves loan for $950 million

February 2009

Congress approved five loans totaling $950 million to finance this year's budget. reports on its website: "...while three other loans for $58 million are still pending, said a lawmaker.

The sub-head of the governing fraction, Nery Samayoa, explained that the funds will be granted by the Inter-American Development Bank and the World Bank."

$850 million credit for infrastructure in Costa Rica

August 2008

IDB approved the loan for the repair of highways, bike paths, the airport in the southern zone of the country, and even for the Metropolitan Electric Train.

The Legislative Assembly will decide if the country accepts the loan or not.
President Oscar Arias called on lawmakers to vote in favor of the credit.

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