
(Photo courtesy of Casa Presidencial)
February 16th, 2015 (InsideCostaRica.com) A grant of $24 million donated by China to Costa Rica in January comes with some strings attached, President Luis Guillermo Solis revealed on Thursday while speaking to reporters during a visit to the port of Caldera.
According to the president, the agreement dictates that many of the projects funded with the grant must involve the hiring of Chinese companies to perform the works, adding that the agreement came with “various conditions.”
Solis said he had already met with the Chinese Ambassador to Costa Rica to begin defining the projects for which the grant money would be used. Solis said that four initiatives that are part of the country’s National Development Plan would benefit from the grant, without providing specifics.
The agreement was announced on January 7th by Chinese President Xi Jinping and President Solis during a trip by the Costa Rican president to the Asian powerhouse.