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Costa Rica in talks with World Bank on $400 million

Wednesday, November 7, 2012

Laura Chinchilla, the president of Costa Rica, is negotiating a $400 million loan with the World Bank, to help pay a debt to the country's social security institution.

The money will be used for infrastructure and improvement of the institution's services.

Chinchilla also signed a $200 million loan with the Bank, which will be used to invest in research and technology in public universities.

Full story (in Spanish)