# Costa Rica Eurobond issuance debate

> Live situation record from CLSTR: https://clstr.news/situations/costa-rica-eurobond-issuance-debate
> Updated: 2026-08-31T06:56:34.000Z. Sources: 7. Developments: 2.

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.

## Timeline

### 2026-08-31: 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.

3 sources. https://clstr.news/cluster/costa-rica-proposes-135-billion-eurobond-issuance-to-manage-debt

### 2026-08-26: 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.

5 sources. https://clstr.news/cluster/costa-rica-pln-deputy-proposes-reduced-eurobond-project

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Cite as: Costa Rica Eurobond issuance debate. CLSTR, https://clstr.news/situations/costa-rica-eurobond-issuance-debate