Public Works As Investment Fund Assets

The new regulations for investment funds in Costa Rica allow for finances to be raised for construction, energy, transportation and public infrastructure projects.

Thursday, July 14, 2016

The amendment to the General Regulation on Managing Companies and Corporate Investment Funds was adopted on 23 June. With this change, any investment project, from the construction of houses to hydropower stations, can be financed and developed using a special investment fund which will be known as Infrastructure Project Investment Funds.

The article on property development investment funds has been repealed and article 89 is amended as follows: "...Investment funds development projects are independent assets that are managed by investment fund management companies, at the risk of participants whose primary objective is to invest in projects in various stages of design, development or equipment, for completion and sale or exploitation as defined in the prospectus. These investment fund development projects are established as closed-end funds. "

See reform to the regulations. (In Spanish)

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