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IMPORT CREDIT II

Sector: Raw Materials • Location: Costa Rica

Source: World Bank Group

Project
Closed

The Second Import Credit Project for Costa Rica will provide a loan of US $3.5 million to the Central Bank of Costa Rica for the continuation of its import program. In 1952, the Government of Costa Rica initiated a program for the encouragement of the importation of capital goods and materials for the advancement of agriculture and industry by a special program of credits through the nationalized

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Project Information

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The project “IMPORT CREDIT II” is an infrastructure initiative in the Raw Materials sector, located in Costa Rica. Taiyo aggregates data on it from World Bank Group.

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Participants

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Status

Original status

closed

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Description

Description

The Second Import Credit Project for Costa Rica will provide a loan of US $3.5 million to the Central Bank of Costa Rica for the continuation of its import program. In 1952, the Government of Costa Rica initiated a program for the encouragement of the importation of capital goods and materials for the advancement of agriculture and industry by a special program of credits through the nationalized banking system. It is proving to be beneficial to the economy of Costa Rica. It is improving efficiency and expanding production of agriculture and industry. Currently, there is an increased demand for the importation of more capital goods. The project will supply this demand by procuring more equipment. The new equipment will help to continue the development of agriculture and light industry in Costa Rica.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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