WASHINGTON, June 26, 2020
The World Bank today approved the following project for Costa Rica:
First Fiscal and Decarbonization Management Development Policy Loan
IBRD Loan: $300 million
Terms: Maturity = 34.5 years, Grace = 5 years
Project ID: P171912
Project Description: The objective of the policy loan is to support Costa Rica's program to protect people’s income and jobs from the impact of COVID-19 and foster small and medium enterprise recovery; reinforce fiscal sustainability in the aftermath of this pandemic; and lay out the foundations for a strong post recovery by promoting green growth and low-carbon development.
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