CABEI funds coronavirus vaccines in Costa Rica

CABEI funds coronavirus vaccines in Costa Rica

International Financial Institutions Loans Debt Coronavirus Costa Rica Central America

The Central American Bank for Economic Integration (CABEI) said it granted an $80 million loan for the government of Costa Rica to buy and administer enough COVID-19 vaccines to cover 72% of the population.  "Through this financing with CABEI, we will be exchanging expensive debt for cheap debt that will allow us to protect the health of the Costa Rican population and also protect the country's public finances," President Carlos Alvarado said in a press release from the development bank. The 20-

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