End of preview - This article contains approximately 119 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 02 July 2021
In brief: US$1.78bn IMF loan for Costa Rica passes initial vote
* Costa Rica’s 57-member unicameral legislature has voted in favour of a US$1.78bn loan from the International Monetary Fund (IMF) for the country to address the impact of the coronavirus (Covid-19) pandemic. The national assembly is widely expected to green-light the loan in a further vote scheduled for 12 July. Costa Rica’s President Carlos Alvarado described the approval as a “firm and necessary step that allows us to advance in the fiscal consolidation agenda, which provides an indispensable basis for economic recovery”. Last year Costa Rica’s GDP shrank by 4.1% as a result of the pandemic and the country posted a fiscal deficit of 8.1% of GDP, and a public debt of 67.5% of GDP.
- EL SALVADOR: Calls for top Bukele gov't officials to resign
- PERU: Former presidential candidate calls for military intervention
- In brief: Peru sees strong growth in extractive industry
- BRAZIL: Worrying start to the Amazon fire season
- In brief: Record performance for Brazil’s exports this year
- In brief: US$1.78bn IMF loan for Costa Rica passes initial vote
- MEXICO: Foreign ministry strikes DEA deal
- In brief: Mexico’s private sector optimistic on recovery
- CHILE: Delta case scandal reaches congress
- In brief: Chile’s economic activity shows strong performance