Caribbean & Central America - July 2025

COSTA RICA | CAF approves first green liquidity line for Costa Rica. On 29 June the Latin American development bank (CAF) approved its first “green liquidity line” for Costa Rica worth up to US$500m. According to a CAF statement, the credit line has two different components according to its purpose: “operations of up to seven years to support the country’s public debt management strategy when conditions for accessing international capital markets are not convenient for the country, as well as financing of up to 20 years to address emergencies or disasters caused by extreme weather events.” The CAF statement cites its executive president, Sergio Díaz-Granados, as saying that “this financing marks a fundamental precedent in our commitment to sustainability and economic resilience in the region”.  He goes on to say that “Costa Rica is a leader in environmental management and now has a cutting-edge financial tool that will allow it to respond immediately and effectively to both market crises and climate emergencies”.

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