IMF staff lay ground for $1.8 billion loan to Costa Rica

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Central Bank of Costa Rica

The Central Bank of Costa Rica

International Monetary Fund staff have agreed the terms of a support package for Costa Rica, as the country struggles with high debts and the effects of the Covid-19 crisis.

The IMF and Costa Rican authorities announced on January 22 that they had reached a “staff-level agreement” on the terms of a $1.75-billion, three-year loan to the Central American nation.

Negotiators concluded the accord after 10 days of talks between Costa Rican authorities and the fund. The agreement succeeds an early

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