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Costa Rica asks Inter-American Development Bank for $132 million loan

Wednesday, March 2, 2011

Costa Rica asked the Inter-American Development Bank for a $132 million credit to finance a program to prevent violence.

The bank’s president signed a declaration of intent with President Laura Chinchilla. The program will also be financed by $55 million from the Costa Rican government.

Costa Rica aims to use the money to improve the prison system and strengthen the national police academy.

Original source (in Spanish): Efe