Costa Rica receives first loan under IMF’s green programme

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The IMF
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Costa Rica has become the first country to receive credit under the International Monetary Fund’s new Resilience and Sustainability Facility (RSF).

The IMF executive board approved a loan of 554.1 million special drawing rights ($726.7 million) on November 14. Three other countries – Bangladesh, Barbados and Rwanda – have signed preliminary agreements with the IMF for RSF deals.

Manuela Goretti, the IMF mission chief for Costa Rica, said the country was “an excellent candidate to pilot the RSF

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