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BCIE approves US $287 million in financing for Costa Rica infrastructure projects

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(Photo courtesy of the Presidency)

(Photo courtesy of the Presidency)

December 18th, 2015 (ICR News) A meeting between Costa Rica president, Luis Guillermo Solis and representatives of the Central American Bank for Economic Integration (BCIE) Thursday afternoon concluded with the approval of US $287 million in financing for infrastructure projects in the country next year, CRHoy.com reports.

 

The financing will be used for clean energy projects by the Costa Rican Electricity Institute (ICE), road infrastructure programs administered by the National Highway Council (CONAVI) and the Ministry of Public Works and Transportation (MOPT), public hospital infrastructure and equipment including funds for a new medical tower at the Calderon Guardia Hospital, as well as funding for the Costa Rican Institute of Aqueducts and Sewers (AyA) to improve water sanitation and infrastructure.

 

President Solis was in Honduras on Thursday, where he met with his counterpart, Juan Orlando Hernandez.  The presidents reportedly discussed the ongoing Cuban migrant crisis in Costa Rica.

 

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  • gc

    business rule one: never borrow for a depreciating low return asset.

  • disgusted

    President Solis dialing 911 to China. Hey we need a billion or two can you help us out. China response to Costa Rica, ” do you have anymore sharks left?”…… Snooze ///house of cards here/

    • gc

      PRC is not a member of the BCIE. ROC is though.

  • dr meno

    CR doesn’t need any more to pay on. Can you say more austerity On the surface this CABEI looks innocent. No Rothchild Central Bank involvement, who really OWNS Costa Rica. BUT behind the scenes they are connected to the UN, and the Rothchilds. Solis’s wife was a consultant to the UN. What that translates to, is a bribe avenue to a source. Lets all hope WW3 kicks into gear and as a result all odious loans are forgiven. Stick it to the Rothchild corrupt takeover of the financial world.

    • Yeims

      Yes, and it looks to me like all these funded projects represent a Cloward-Piven maneuver to purposefully bankrupt the government so a big change can be ushered in.

      • dr meno

        WOW I am not the only one who knows what is really join gon. You are right on. This is what it is all about. Even South America has their own NWO.

  • prdatki

    First thing cut pay and all benefits to Elected and Appointed officials. Then audit the rest! Legalize and tax Marijuana. Have the prisoners work and grow their own food, build jails etc.

  • Chris Thomas

    CR government should not be given a penny more, CR is just like Greece the corruption is so bad that every dime that comes in will be stolen and in 1 year they will be asking for more money, they cannot manage the millions of dollars coming in, they have plenty of money is just not properly managed and is all being stolen by the politicians.

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