October 7, 2022 The IMF team and Costa Rican authorities reached staff-level agreement on a request for access under the newly established Resilience and Sustainability Trust (approximately US$ 710 million)…
Category: COSTA RICA
IDB Approves $300M Loan to Underpin Costa Rica’s Decarbonization Plan
July 22, 2022 Costa Rica continues to forge ahead in its transition to a green economy with net-zero emissions by 2050. The Inter-American Development Bank (IDB) approved a $300 million…
Costa Rica Prioritizes Public Health
By Analisa Bala April 1, 2022 Editor’s note: This article first appeared in the most recent issue of Finance & Development. Pura vida, the “pure life.” It’s an expression you’ll often hear in Costa…
IMF Executive Board Completes the First and Second Reviews Under Costa Rica’s Extended Arrangement under the Extended Fund Facility; and Approves Extension of the Arrangement and Rephasing of Access
March 29, 2022 The IMF Executive Board concluded today the combined first and second reviews under the Extended Fund Facility (EFF) for Costa Rica, allowing for an immediate disbursement equivalent…
Costa Rica: First and Second Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Extension of the Arrangement, and Rephasing of Purchases-Press Release; Staff Report; and Statement by the Executive Director for Costa Rica
March 29, 2022 On March 1, 2021, the IMF Executive Board approved a 36-month arrangement under the Extended Fund Facility (EFF) with access of SDR 1.23749 billion (335 percent of…
IMF Staff Completes Virtual Visit to Costa Rica and Reaches Staff-Level Agreement
March 11, 2022 The IMF reached a staff-level agreement with the Costa Rican authorities on policy measures for the completion of the first and second reviews of Costa Rica’s Fund-supported…
CINDE Announces: Microsoft Inaugurates New Costa Rican Headquarters, the Largest and Most Modern in Latin America
March 8, 2022 The company celebrates 28 years in the country, where its local operations serve clients throughout the Americas. In just the last 4 years, Microsoft Costa Rica has…
Costa Rica breaks its record for goods exports through November this year with $13.316bn
January 11, 2022 Accumulative goods exports in Costa Rica through November this year (2021) totaled $13.316 billion, 25% more than the same period in 2020. The figure is a new goods-export record for…
Thunes adds Costa Rica to its Network, expands Latin American coverage
August 6, 2021 Thunes a leader in global cross-border payments, and Teledolar, a major fintech player in Central America, today announced a partnership that makes payments simple, fast, more transparent…
LatAm Logistic Properties Starts Development of 30,260 square meters of Class-A Logistic Buildings in Costa Rica
July 6, 2021 LatAm Logistic Properties, S.A., the leading developer, owner, and operator of modern sustainable logistic real estate in the Andean and Central American regions, today announced that it…
Costa Rica to push fiscal reforms to promote growth with support from IDB
May 7, 2021 Costa Rica will press ahead with its structural fiscal reforms program aimed at boosting fiscal management efficiency and equity and promoting sustainable economic recovery with two loans…
CINDE: What Fuels Medical Devices Leadership in Costa Rica?
April 20, 2021 Medical devices have become a leading product in Costa Rica, to the point that today they represent the country’s top export product. Twenty years ago, there were…