Costa Rica launches new conditional lending facility
Banks can receive funding on the condition they submit lending plans to the central bank
The Costa Rican central bank is providing conditional funding to banks in a bid to improve the flow of credit to the economy, it announced on September 3.
The new facility, called the special medium-term credit facility, will make funds available to banks on the condition they provide an acceptable plan for how they will use the resources.
The central bank has provided little information on what it expected from the banks’ lending plans. However, it said it would verify that the credit
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