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Costa Rican lawmakers approve $1.8 bln IMF loan


Costa Rican lawmakers approve $1.8 bln IMF loan
07/01/2021 | 10:52pm EDT
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SAN JOSE, July 1 (Reuters) - Costa Rican lawmakers on
Thursday approved a loan for almost $1.8 billion agreed in
January with the International Monetary Fund (IMF), a lifeline
for the Central American nation s economy.
Lawmakers are widely expected to give the go-ahead for the
loan in a second vote due to be held on July 12.
It s a firm and necessary step that allows us to advance in
the fiscal consolidation agenda, which provides an indispensable
basis for economic recovery, said President Carlos Alvarado.
The isthmus nation ended last year with a fiscal deficit at ....

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