Costa Rica Bags Record Infrastructure Package

Costa Rica has secured $850m in an IDB conditional credit line for infrastructure projects, as well as the first individual loan, a $300m financing for roads. The IDB says the deal represents the highest amount approved for Costa Rica in the multilaterals’ history and will finance investments in sectors supervised by Costa Rica’s Ministry of Public Works and Transportation, including co-investments with municipal governments. “Considered in proportion to Costa Rica’s population, this credit line is the IDB’s largest investment in the transportation sector in the last 10 years,” says the IDB. “It will enable Costa Rica to modernize its transportation infrastructure, including roads, ports, railroads and air transportation, with an emphasis on economic and social integration.”