Trusts Still Stuck in Costa Rica

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Meanwhile, only in Banco Nacional (BN) and Costa Rica (BCR), projects which are held up due to approval for funding through trusts reaches $ 2,760 million. The projects being held up are construction of public works.

The article by Juan Pablo Arias of Nacion.com stated that "the initiatives were stopped when the Superintendent of Securities determined in May 2009 that new regulations were needed to delineate this type of operation."

These projects include $ 200 million for construction of hydroelectric plant Toro 3, the construction of the storage system for liquefied gas of RECOPE for $ 140 million and building a new headquarters of the Legislature for $ 100 million.

Source: Nacion.com

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