Towards a Green Economy: Support for Costa Rica’s Decarbonization Plan II
The general objective is to continue the progressive transition of the country towards zero net Greenhouse Gas (GHG) emissions by 2050, benefiting the entire population through reforms to: (i) strengthen the management and monitoring of climate action in CR ; (ii) conservation and restoration of ecosystems with high GHG sequestration and the substitution of emitting agricultural practices for GHG fixers (contribute to the increase in forest cover in the country, the preservation of wetlands and marine areas, and the increase in proportion of agricultural production generated through low-carbon or carbon-fixing practices); (iii) encouragement of the use of electric power and active mobility (align electricity rates with the objectives of electrification of energy use and enable the electrification of the vehicle fleet); and (iv) the promotion of inclusion and gender equality in the National Decarbonization Plan. Under these subsectors, the necessary policy reforms will be supported for the implementation of the National Decarbonization Plan (PD).

Project Detail

Country

Costa Rica

Project Number

CR-L1147

Approval Date

July 20, 2022

Project Status

Cancelled

Project Type

Loan Operation

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

CLIMATE CHANGE MITIGATION POLICY

Lending Instrument

Préstamo de Apoyo a Reformas de Política

Lending Instrument Code

PBL

Modality

PBP (Programmatic Policy Base Loan)

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category B13: Uncategorized Directive B.13

Total Cost

USD 407,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 300,000,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
5562/OC-CR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
5563/KI-CR Sovereign Guaranteed USD - United States Dollar Korea Infrastructure Development Co-Fina Public Sector Trust Fund Lending
Operation Number 5562/OC-CR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility
Operation Number 5563/KI-CR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Korea Infrastructure Development Co-Fina
  • Financial Instrument: Public Sector Trust Fund Lending

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44878
Project Monitoring Report ( Public version)
CR-L1147 Second period Jan-Dec 2023 - Public Report.PDF
Jul. 02, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-44259
Project Monitoring Report ( Public version)
CR-L1147 First period Jan-Jun 2023 - Public Report.PDF
Jan. 26, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0000578-522669563-43902
Project Monitoring Report ( Public version)
CR-L1147 Second period Jan-Dec 2022 - Public Report.PDF
Jul. 20, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49478
Loan Contract
Hacia una Economía Verde Apoyo al Plan de Descarbonización de Costa Rica II - OC.pdf
Jul. 27, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49479
Loan Contract
Towards a Green Economy Support for Costa Rica’s Decarbonization Plan II - OC.pdf
Jul. 27, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49477
Loan Contract
Hacia una Economía Verde apoyo al Plan de Descarbonización de Costa Rica II - KIF.pdf
Jul. 27, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-965128629-49476
Loan Contract
Towards a Green Economy Support for Costa Rica’s Decarbonization Plan II - KIF.pdf
Jul. 27, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-2004654796-176
Loan Proposal
Towards a Green Economy. Support for Costa Rica’s Decarbonization Plan II (CR-L1147).pdf
Jul. 13, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-2004654796-175
Loan Proposal
Hacia una Economia Verde. Apoyo al Plan de Descarbonizacion de Costa Rica II (CR-L1147).pdf
Jul. 13, 2022
Spanish
 Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-2004654796-10
Electronic Links
EEO#6 - Antecedentes del Proyecto - CR-L1147.pdf
Jul. 13, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2004654796-3
Electronic Links
EER#3 - Matriz Comparativa - CR-L1147.pdf
Jul. 13, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2004654796-4
Electronic Links
EER#4 - Plan de Monitoreo y Evaluación - CR-L1147.pdf
Jul. 13, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2004654796-1
Electronic Links
EER#1 - Borrador de Carta de Politica - CR-L1147.pdf
Jul. 13, 2022
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-2004654796-2
Electronic Links
EER#2 - Matriz de Medios de Verificación - CR-L1147.pdf
Jul. 13, 2022
Spanish

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