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Energy transition and design of a risk management policy through financial derivatives to hedge fuel prices

The general objective of this Technical Cooperation (TC) is the institutional and financial strengthening of the Costa Rican Petroleum Refinery (RECOPE by its Spanish acronym), in a context of energy transition and gradual decarbonization of the Costa Rican economy, which presents complex financial, fiscal and economic challenges for oil companies and for the country. The specific objective is to support the Interinstitutional Committee, in which RECOPE participates, in the development of a risk management policy proposal using financial derivatives to hedge fuel prices and, in the design, and evaluation of a pilot project to mitigate the volatility of international fuel prices in order to stabilize local sales prices.

Project Detail

Country

Costa Rica

Project Number

CR-T1284

Approval Date

August 26, 2024

Project Status

Implementation

Project Type

Technical Cooperation

Sector

ENERGY

Subsector

ENERGY INSTITUTIONAL STRENGTHENING AND CAPACITY BUILDING

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

-

Total Cost

USD 100,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 100,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/OC-21057-CR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Nonreimbursable
Operation Number ATN/OC-21057-CR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Nonreimbursable

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Implementation Phase
https://www.iadb.org/document.cfm?id=EZIDB0002243-331555247-6
Expression of Interest (SG)
REOI CR-T1284_ 28 oct 2024.pdf
Oct. 18, 2024
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0002243-1313512539-23
TC Document
Documento de CT - Divulgacion_98258.pdf
Oct. 30, 2024
Spanish
Other Documents
https://www.iadb.org/document.cfm?id=EZIDB0002243-1313512539-21
Electronic Links
Plan de Adquisiciones_52603.pdf
Oct. 30, 2024
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0002243-1313512539-20
Electronic Links
Terminos de Referencia_77845.pdf
Oct. 30, 2024
Spanish
https://www.iadb.org/document.cfm?id=EZIDB0002243-1313512539-19
Electronic Links
Matriz de Resultados_96999.pdf
Oct. 30, 2024
English
https://www.iadb.org/document.cfm?id=EZIDB0002243-1313512539-18
Electronic Links
Solicitud del Cliente_48854.pdf
Oct. 30, 2024
Spanish

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