Costa Rica secures IMF recovery funds

Costa Rica secures IMF recovery funds

Corporate & Sovereign Strategy International Monetary Fund (IMF) Debt Loans Costa Rica Central America United States Coronavirus

Costa Rica has secured $1.78 billion in financing from the International Monetary Fund (IMF) to support an economic recovery and stabilize the economy, according to a press release from the multilateral lender on Monday. Costa Rica will receive an immediate disbursement of $297 million through the three-year Extended Fund Facility (EFF), which is equal to 335% of Costa Rica's special drawing rights, or SDRs, the IMF said. The loan, according to the IMF, could "catalyze" additional credit lines f

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