Investment Sector Loan Multisector Credit

THE MAIN OBJECTIVES OF THE PROPOSED INVESTMENT SECTOR LOAN ARE: (A) TO SUPPORT THE GOVERNMENT OF COSTA RICA IN MAKING THE TRANSITION FROM AN ECONOMIC MODEL BASED ON GOVERNMENT INTERVENTION TO ONE BASED PRIMARILY ON MARKET MECHANISMS AND COMPETITION, (B) TO GENERATE NEW OPPORTUNITIES FOR PRIVATE CAPITAL INVESTMENT, AND (C) TO IMPROVE THE EFFICIENCY OF DOMESTIC AND FOREIGN INVESTMENTS.

Project Detail

Country

Costa Rica

Project Number

CR-L1133

Approval Date

March 17, 1993

Project Status

Cancelled

Project Type

Loan Operation

Sector

FINANCIAL MARKETS

Subsector

BANKING MARKET DEVELOPMENT

Lending Instrument

Préstamo de Inversión

Lending Instrument Code

INV

Modality

ESP (Specific Investment Operation)

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 140,000,000.00

Country Counterpart Financing

USD 70,000,000.00

Original Amount Approved

USD 70,000,000.00