08 May 2020 – Government announces fund of ₡ 900 billion for the productive sector

Type of Intervention: Executive Order
Sectors Involved: Finance/Economy, Private Sector and Businesses
Intervention Categories: Finance policy and financial aid; Stimulus packages and financial support
Level of Jurisdiction: National
Lead People/Agency: Ministry of National Planning and Economic Policy

Overview: The Government of Costa Rica announced a fund of ₡ 900 billion colones (national currency), with preferential rates, for the productive sector, in order to reactivate the economy and generate employment. This was one of the measures announced by Minister Pilar Garrido Gonzalo, coordinator of the economic team and Minister of National Planning and Economic Policy when presenting the post-COVID-19 strategic planning. The Government defined six areas in which it will concentrate efforts for reactivation.
Full details here: https://www.presidencia.go.cr/comunicados/2020/05/gobierno-inyecta-%e2%82%a1900-mil-millones-en-creditos-al-sector-productivo-para-la-recuperacion-del-pais/

Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – government
Evidence/Justification: Economic team of the government was in charge of designing this response.