Pension Funds to Finance Public Works

In Costa Rica a bill has been put forward which aims to allow cooperatives and private and public pensions funds to invest in public infrastructure.

Tuesday, May 26, 2015

The bill introduced in the Legislative Assembly "... aims to allow different private and public organizations dedicated to raising money from pension funds, to invest in the construction of public works."

Crhoy.com reports that "... According to the proponent Martha Arauz, deputy of the National Liberation Party, calculations show that these organizations manage sums of close to 20 billion dollars. "It is well known that there the State has a shortage of funds for building various necessary works in communities across the country and the institutions mentioned, who in contrast often have to go abroad to invest their resources because of the huge volumes they mangage.'"

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