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Sunday 26 October 2008,
San José, Costa Rica
Special Loans
The Ministry of Finance
and the Central Bank are
seeking special loans
from several
international
organizations. The funds
would be used to
challenge an eventual
financial emergency here
resulting from the world
economic crisis.
The Minister of Finance,
Guillermo Zuniga,
explained that if
necessary, those funds
would be used to inject
money into the financial
system.
The Minister added that
the institutions
contacted include the
International Monetary
Fund, the World Bank,
the Inter-American
Development Bank (IDB),
and the Latin American
Reserve Fund (LARF),
among others.
Official sources talk
about us$500 million
from the IDB and us$375
million from the LARF,
but Minister Zuniga said
he would rather wait
until the negotiations
are completed and then
talk about amounts. |
