Thursday, 6 August 2020
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Tag: Economic reactivation

¢900 billion fund to revive the economy

(QCOSTARICA) The Superintendencia de Entidades Financieras (SUGEF) and Consejo Nacional de Supervisión del Sistema Financiero (Conassif) will eliminate requirements and relax conditions to boost the loan fund of ¢900 billion colones that the Government announced last week (May 8), as the main bet for...

Cannabis would aid in economic recovery

The cultivation of Cannabis hemp ( cáñamo in Spanish) would help the economic reactivation, informed President Carlos Alvarado, who announced on Monday that he will be sending a bill to the Legislative Assembly this week. The idea is that the incipient sector has all the...

Central Bank lowers the minimum legal reserve to stimulate economy

The Banco Central de Costa Rica (BCCR) - Central Bank - announced on Monday a reduction in the legal minimum reserve for banks in order to stimulate the loans in colones in the country. The decision will reduce from 15% to 12% the percentage that...

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