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Costa Rica seeks World Bank financing

Thursday, September 25, 2014


 

The Costa Rican government is in talks with the World Bank to negotiate a loan that would help it finance its spending, Costa Rican daily La República reported.

A World Bank loan, at a favourable rate would help the country save and ease local interest rates.

Costa Rica's debt is seen reaching $20 billion next year, compared with $11 billion five years ago.

Full story (in Spanish)