Cervecería Centroamericana S.A.
Walmart
Instituto Hondureño de Turismo
MITM Events
blackanddecker
Servicios Médicos Cubanos
MAD-HAV Enjoy Travel Group
CUN-HAV Enjoy Travel Group
Agexport
Grupo Hotelero Islazul
Nestle
INTERFER
INOR
AVA Resorts
Realidad Turística
MuniGuate
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Cubasol
Intecap
Barceló Solymar
Herbalife
Los Portales

Costa Rica Asks IMF for $700 Million From New Sustainability Trust

Date:

Share:

Los Portales
Intecap
blackanddecker
Nestle
Servicios Médicos Cubanos
Realidad Turística
MITM Events
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
INOR
AVA Resorts
Herbalife
Grupo Hotelero Islazul
Instituto Hondureño de Turismo
Cervecería Centroamericana S.A.
INTERFER

Costa Rica has told the International Monetary Fund (IMF) it is interested in obtaining a nearly $700 million loan to invest in infrastructure from a newly created fund, the Central Bank said.

Costa Rican authorities told the IMF that the country aims to be the first to secure financing from the IMF’s Resilience and Sustainability Trust (RST), announced in April, the Central Bank told Reuters on Friday.

“The Government is evaluating the conditions and opportunities to have access to these resources for infrastructure works,” the bank said.

The IMF launched the financing facility with the goal of helping low and middle-income countries tackle long-term challenges such as climate change and pandemics.

The IMF has said it plans to begin lending under the program by October.

Costa Rica reached a $1.78 billion agreement with the IMF in early 2021 to help the Central American country consolidate its finances after years of mounting debt. The IMF has so far disbursed nearly $570 million.

President Rodrigo Chaves, who took office in May just as Costa Rica’s debt was equivalent to 66.5% of Gross Domestic Product (GDP), has said he plans to strengthen the IMF program, but has not provided details.

IMF staff met for the first time with Chaves this month, and warned of a likely slowdown in Costa Rica’s economy this year amid external pressures including the ongoing pandemic and rising inflation. (Reuters)

Cervecería Centroamericana S.A.
Los Portales
Nestle
INOR
blackanddecker
Agexport
MuniGuate
AVA Resorts
CUN-HAV Enjoy Travel Group
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
Cubasol
MITM Events
Realidad Turística
Barceló Solymar
INTERFER
Instituto Hondureño de Turismo
Servicios Médicos Cubanos
Walmart
Intecap
Grupo Hotelero Islazul
Herbalife
MAD-HAV Enjoy Travel Group
Intecap
Hotel Barcelo Solymar
AirEuropa
Havanatur
Blue Diamond Resorts
Maggi - GLUTEN-FREE
MuniGuate
Barcelo Guatemala City
Hotel Holiday Inn Guatemala
Henkel Latinoamerica
INTERFER
Revista Colombiana de Turismo Passport
Cubacel

Subscribe to our magazine

━ more like this

Pole Dancing in Israel: A New Dimension with BlueDance.co.il

In recent years, pole dancing has experienced a remarkable transformation, shifting from a misunderstood niche to a popular activity combining fitness, self-expression, and empowerment....

A New Luxury Hotel Just Opened on An Idyllic Beach in Cancun, Mexico — And We Were the First to Stay

Waldorf Astoria Cancun opened to the public on Nov. 1, the brand's first new build in Mexico, with two waterfront pools and a fantastic...

Pan American Health Organization Launches Interactive Dashboard on Avian Influenza in The Americas

To monitor cases of avian influenza A (H5N1) in the Americas, the Pan American Health Organization (PAHO) launched an interactive dashboard on the web...

Nicaragua Presents Its New Interoceanic Canal Route to China and Seeks to Compete with Panama

Estimated reading time: 8 minutes With a length of 445 kilometers, in a second attempt, the Nicaraguan president, Daniel Ortega, presents China with a new...

US Lawmakers Join Requests to Extend TPS To Central Americans

The chairman of the US Senate Foreign Relations Committee, Robert Menendez, along with other legislators gathered outside the Capitol this Thursday to express his...
Revista Colombiana de Turismo Passport
Hotel Holiday Inn Guatemala
AirEuropa
INTERFER
Havanatur
Cubacel
Intecap
Blue Diamond Resorts
Hotel Barcelo Solymar
Maggi - GLUTEN-FREE
Barcelo Guatemala City
Henkel Latinoamerica

LEAVE A REPLY

Please enter your comment!
Please enter your name here

MAD-HAV Enjoy Travel Group
AVA Resorts
blackanddecker
Realidad Turística
Intecap
Centro Nacional de Cirugía de Mínimo Acceso de Cuba
MuniGuate
Herbalife
Los Portales
Servicios Médicos Cubanos
Walmart
INOR
Cervecería Centroamericana S.A.
Agexport
INTERFER
Nestle
Cubasol
Instituto Hondureño de Turismo
Grupo Hotelero Islazul
MITM Events
Barceló Solymar