© Reuters. SUBMIT PHOTO: The World Bank logo design is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo
SAN JOSE (Reuters) – The World Bank authorized a $350 million loan for Costa Rica to money facilities and environment and catastrophe durability jobs, the lending institution stated on Friday.
The program is to money financial investments in important facilities for flood control and slope stabilization, along with the restoration of bridges and roadways harmed by weather-related catastrophes.
Costa Rica “stays extremely exposed to severe weather condition occasions and natural risks, which increase the effect of these threats,” the nation’s financing minister, Nogui Acosta, stated in a declaration from the World Bank.
“This task is lined up with the nation’s method for alleviating and adjusting to environment modification and will support our concern of purchasing resistant facilities and services to safeguard individuals residing in the most susceptible locations,” Acosta included.