Costa Rica approves IDB loan

Costa Rica approves IDB loan

Loans Project & Infrastructure Finance Electricity Costa Rica

Costa Rica's legislative assembly approved law last week authorizing Instituto Costarricense de Electricidad (ICE) to secure a $500m loan from the IDB, according to a statement from the state-run utility. The Central American government's Ministry of Finance is guaranteeing the debt. By approving Law 19.998, ICE can obtain a conditional line of credit for investment projects (CLCIP), which helps develop, modernize and expand Costa Rica's power infrastructure. This includes the 55 MW Borinquen ge

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