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Costa Rica studies entering the green hydrogen market

QCOSTARICA - Green hydrogen could be an economic opportunity for Costa Rica, while studying the possibility of entering this market, through the energy division of the Inter-American Development Bank (IDB), the largest source of development financing for Latin America and the Caribbean, and the...

Costa Rica is the Latin American country with the worst paved roads

(QCOSTARICA) Despite the efforts made in recent years, Costa Rica is the Latin American country with the worst state of its paved roads, reveals the report published last month. The report, “De estructuras a servicios: El camino a una mejor infraestructura en América Latina y...

U.S. plan to return Asian companies to the Americas could have benefits for Costa Rica

(QCOSTARICA) A plan by U.S. President Donald Trump's administration to encourage U.S. companies from that to return their operations from Asia to the Americas could benefit Costa Rica, according to the Association of Free Trade Zones of Costa Rica (Azofras) and the Ministry of...

IDB funds pandemic relief in Costa Rica, Panama

Latin Finance - The Inter-American Development Bank (IDB) has granted US$400 million in financing for Panama and US$250 million for Costa Rica to help counteract the economic effects of the COVID-19 pandemic in the two countries. Both loans are in line with a rapid financing...

Costa Rican Politicians Waste Almost $3B A Year According IDB

The report of the Inter-American Development Bank (IDB) “Mejor gasto para mejores vidas” (Better spending for better lives) published in 2018 estimates that in Costa Rica, 4.7% of the Gross Domestic Product (GDP) that for that year -  almost US$3 billion dollars - is...

Costa Rica Keeps Getting into Debt

The Legislative Assembly approved a US$35 million loan from the Inter-American Development Bank (IDB) to "support the country in the implementation of its fiscal reform program.” At the beginning of July, in the midst of the controversy generated by the recent implementation of fiscal reform...

“Eternal appeals” frustrate the start of works in two sections of the Interamericana Norte

For this month, the expansion work on the section of the Interamericana Norte highway between Limonal and Barranca (Puntarenas), should have been underway. At least that was the plan by the Ministerio de Obras Publicas y Transporters (MOPT). But the reality is another matter. In fact,...

Declining Export Competitiveness: Latin America Urgently Needs a Quality Leap

BUENOS AIRES—In the first quarter of 2018, the value of exports from Latin America and the Caribbean grew at a year-on-year rate of 9.7 percent in comparison with the same period in 2017, according to a new report from the Inter-American Development Bank...

Costa Rica Expands Access To Housing Finance

The Inter-American Investment Corporation (IIC) has established a strategic partnership with Cooperativa Nacional de Educadores (Coopenae), a leading savings and credit cooperative in Costa Rica, to increase access to housing finance in that country. The financing package consists of a ¢30 billion colones loan with...

Caño Negro Wildlife Refuge Has A New Tourism Infrastructure

Costa Rica has invested ¢800 million colones (US$1.4 million dollars) in tourist infrastructure for the Refugio Nacional de Vida Silvestre Mixto Caño Negro, a wetland and wildlife protection area located in the north of the country. According to a statement by Casa Presidencial (Government House)...

Expansion of Road To Heredia To Start In July

QCOSTARICA - The daily traffic nightmare between La Uruca and Heredia, particularly in the area of the Virilla river bridge, could come by the end of next year, with a road expansion. The Consejo Nacional de Vialidad (Conavi) said on Thursday that the expansion between...

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