$310 Million for Projects in Costa Rica

©image: Paul Keleher

With the approval of the law project, the available loan portfolio at state-owned banks will be 8.6 times larger.

"The modification increases from 6% to 20% the capital and reserves limit that state banks can loan to public institutions. ICE, AyA (Sewer and Aqueducts Institute) and CCSS (Costa Rica Social Insurance) will remain outside of this limits", reported Elfinancierocr.com.

Source: elfinancierocr.com

More on this topic

Costa Rica: Construction Lacks Public Investment

August 2010

The drop in state construction this year has worsened the sector's situation, already troubled since the beginning of the financial crisis in 2008.

The completion of large projects and the lack of funds to begin projects are two of the reasons for the slowdown in public sector construction.

El Salvador: Low Rate of Execution of Investments

August 2011

The government of El Salvador has executed only 25% of the public investment it had planned for 2011.

Public institutions projected works for the year 2011 totalling $1,146 million in social investment programs, municipal investments, and works arising from the effects of Hurricane Ida which hit the country in 2009.

$700 million for public investment in El Salvador

February 2009

Despite the electoral year and the economic crisis, public investment projects will continue, indicated Eduardo Ayala Grimaldi, technical secretary of the presidency.

According to Elsalvador.com: "About $700 million is budgeted for investment. Part of the monies had been set aside in the last budget and passed on to the one for 2009, not because the works did not start, but because they were tendered at the end of the year," Ayala Grimaldi said as a justification for the public construction projects that were outstanding from last year."

Costa Rica: $ 760 million in Securities

November 2010

6 public investment projects, including infrastructure and telecommunications, are ready to be securitized by Banco Nacional.

According to Nacion.com, "Juan Carlos Araya, deputy manager of the Bank, said the six initiatives have already been approved by the Comptroller General of the Republic, and only need to adjust the prospects of new regulations."