Costa Rica launches new conditional lending facility

The Central Bank of Costa Rica
Rachael King

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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