Costa Rican central bank backs government’s external financing plans

Central Bank of Costa Rica

The Central Bank of Costa Rica says it backs the government’s intentions to issue debt overseas, suggesting the move will boost economic growth.

Issuing external bonds would allow the government to finance itself under more favourable conditions, the central bank said in a statement. As a result, the total cost of financing for the government would be reduced, both abroad and in the local market, and it would strengthen investor confidence in the region, it says.

The move would also relieve

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