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Towards a Green Economy: Support for Costa Rica’s Decarbonization Plan
The project's general objective is to support the country's progressive transition to net zerogreenhouse gas (GHG) emissions by 2050, benefiting the entire population, through reforms to: (i) strengthen management andmonitoring of climate action in Costa Rica; (ii) conserve and restore ecosystems with high rates of GHG sequestration andreplace GHG-emitting agricultural practices with GHG-sequestering ones; and (iii) incentivize the use of electric power. Thenecessary policy reforms to implement the National Decarbonization Plan will be supported under these subsectors.This is the first loan in a series of two consecutive single-tranche operations that are technically related to one another butcontractually independent and financed as programmatic policy-based loans.

Project Detail

Country

Costa Rica

Project Number

CR-L1142

Approval Date

March 11, 2020

Project Status

Closed

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 Classification

Uncategorized Directive B.13

Total Cost

USD 380,000,000.00

Country Counterpart Financing

USD 0.00

Original Amount Approved

USD 230,000,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
4988/OC-CR Sovereign Guaranteed USD - United States Dollar Ordinary Capital Flexible Financing Facility
Operation Number 4988/OC-CR
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Ordinary Capital
  • Financial Instrument: Flexible Financing Facility

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Other Documents
https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-29
EER3_Plan de Monitoreo y Evaluacion CR-1142.docx
Published Feb. 27, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-35
AFD-IDB Co-financing Framework Agreement 2018_AFD.doc
Published Feb. 27, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-36
EEO2_Plan-Nacional-de-Descarbonización.pdf
Published Feb. 27, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-37
EEO3_decreto-25721-reglamento-a-la-ley-forestal.pdf
Published Feb. 27, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-48
EEO5_CR_L1142_Análisis_Cumplimiento_Política_Servicios_Públicos_clean.pdf
Published Feb. 28, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-51
EEO6_Informacion Complementaria al ¨LP.docx
Published Feb. 26, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-71
EER1 Carta de Politica.pdf
Published Feb. 27, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-26
EEO4_Referencias bibliograficas.docx
Published Feb. 26, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-27
EER2_Matriz de Medios de Verificacion_CR-L1142.docx
Published Feb. 27, 2020
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Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-92
Costa Rica. Propuesta de préstamo para el proyecto “Hacia una Economía Verde. Apoyo al Plan de Descarbonización de Costa Rica” CR-L1142.pdf
Published Feb. 27, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-91
Costa Rica. Loan proposal for the project “Towards a Green Economy. Support for Costa Rica’s Decarbonization Plan” CR-L1142.pdf
Published Feb. 27, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-8176
Programa Hacia una Economía Verde - Apoyo al Plan de Descarbonización de Costa Rica.pdf
Published May. 21, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48706
Hacia una Economía Verde - Apoyo al Plan de Descarbonización de Costa Rica.pdf
Published Mar. 16, 2020
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https://www.iadb.org/document.cfm?id=EZSHARE-965128629-48707
Towards a Green Economy - Support for Costa Ricas Decarbonization Plan.pdf
Published Mar. 16, 2020
Download
Preparation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1151369642-23
PP-CR-L1142.pdf
Published Dec. 02, 2019
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