Costa Rica Begins IMF Talks Over US$1.75 Billion Loan as Response to Pandemic

This will be the country’s second attempt to reach a pact with the IMF amid an economic crisis prompted by border closures and lack of demand.

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 . . .

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