Costa Rican Government announces post-pandemic economic stimulus package

Costa Rica’s government has announced its comprehensive “Post-COVID-19 Economic Route” plan, which aims to reinvigorate the economy through measures ranging from public expenditure to business loans to incentivising hemp production. The plan includes US$1.6bn in loans with preferential rates for the productive sector, aiming to give businesses a boost and generate employment. It also makes provisions for US$5.5bn in public investment for 2020 and 2021, which is expected to create 109,000 direct jobs. Of this, approximately US$2m is allocated to public-private partnerships. Gradual reopening of the economy will begin with hotels, shops, and restaurants, followed by the restarting of international tourism, and finally large events.

Facebook
Twitter
LinkedIn