Investment trusts are key for Costa Rica infrastructure
Tuesday, January 7, 2014
Costa Rica could solve its infrastructure difficulties by financing projects through trusts, Costa Rican daily La República.
But changes in legislation in 2010 made investment trusts unattractive to investors, who have to seek authorization from the Legislative Assembly, as well as face a complex appeals process.
One of the main benefits of trusts is that they allow inactive resources in pension funds and government institutions, to be used in large infrastructure projects.
Full story (in Spanish)