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Eurobonds, but with curbs, in Costa Rica

Tuesday, December 18, 2018

Impose clear cost controls and curbs on spending, along with restrictions on recruitment and a new law to govern service in the public sector are among some of the conditions that Costa Rica's Legislative Assembly is expected to approve in return for a new emission of Eurobonds.

Without these conditions, the funds will simply inflate the government's debt without helping the economy.

The plan is to issue $6 billion over the next six years in external markets without exceeding a $1.5 billion limit in the first two years and $1 billion for each additional year that remains.