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2 clusters · 7 sources · 5 days · First seen 16 days ago · Last updated 12 days ago

Costa Rica Eurobond issuance debate

Overview

The administration of President Laura Fernández proposed a $13.5 billion Eurobond issuance to be executed over nine years. The strategy intends to manage public debt by issuing approximately $1.5 billion annually to secure longer maturities and lower interest rates than domestic markets. Economists from the National University (UNA) cautioned that the measure might be insufficient without a long-term fiscal adjustment plan, citing declining tax revenues and increased demand for state resources.

In response, Salvador Padilla, a deputy for the National Liberation Party (PLN), proposed motions to modify the project. The PLN opposes the current plan, with Padilla suggesting the total amount be reduced to $6 billion. His counterproposal involves four installments of $1.5 billion issued between 2027 and 2030. Padilla characterized the original proposal’s amounts and terms as “exaggerated” and called for a consensus to establish a more manageable starting point for negotiations.

Entities

Partido Liberación Nacional · Víctor Hidalgo Solís · Costa Rica · Central American Bank for Economic Integration · National University

Timeline

12 days ago

[BUSINESS] 3 sources
Costa Rica advances major energy, debt, and transit projects
Costa Rica is advancing major projects, including a $480 million thermal plant in Limón, a proposed $13.5 billion Eurobond issuance to manage debt, and a feasibility study for an urban cable car system.
16 days ago

[POLITICS] 5 sources
Costa Rica PLN deputy proposes reduced eurobond project
A Costa Rican PLN deputy has proposed reducing the government's eurobond project from $13.5 billion over nine years to $6 billion over four years.

Sources

delfino.cr · diarioextra.com · hondudiario.com · observador.cr · puntarenasseoye.com · ticosland.com · ticoslandia.com