15 May 2020 – Availability of loans from banks to companies affected by Covid-19

Type of Intervention: Financial and Economic
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: Public Banks and Minister of Planning and Economics

Overview: Public banks announced the availability of ₡ 584 billion (Costa Rican colón) for loans to companies affected by the COVID-19 pandemic to boost the economic and labour recovery of the country. These actions are in response to a Ministerial directive announced for the public banks, and a roadmap was proposed to support the working capital of the different companies in the country.
Full details here: https://www.presidencia.go.cr/comunicados/2020/05/bancos-publicos-ofrecen-%e2%82%a1584-mil-millones-para-el-sector-productivo/

Type of Justification: Advice of INTERNAL government advisory committee or group
Source of Evidence or Justification: National – government
Evidence/Justification: These actions respond to a Ministerial directive announced for the public banks.