IDB Gives Loan to Costa Rica

The IDB has provided Costa Rica with a $132.4m loan with a 25-year maturity and a 5-year grace period. The loan will finance a program to reduce youth crime, for rehabilitation and to strengthen the police force. Costa Rica will contribute $55.3m to the program, which will be carried out by the Ministry of Justice and Peace. Funds will also go towards creating an agency for violence prevention, which will be the first of its kind in LatAm.