RIO DE JANEIRO, BRAZIL - On Monday, January 11th, Costa Rica will begin negotiations for a loan from the International Monetary Fund (IMF).
With a three-year loan, Costa Rica hopes to obtain US$1.75 billion from the IMF to respond to the pandemic, expand its fiscal stimulus, reduce the deficit and invest in social programs. This will be the country’s second attempt to reach a pact with the IMF amid an economic crisis . . .