June 26, 2020 / 11:14 PM / 17 days ago

World Bank approves $300 million Costa Rican loan to ease pandemic's economic blow

SAN JOSE (Reuters) - The World Bank on Friday said it had approved a $300 million loan for Costa Rica to ease the economic blow from the coronavirus on small and medium-sized businesses and develop environmentally sustainable projects.

Seynabou Sakho, the World Bank’s director for Central America, said in a statement the loan would contribute to “efforts to conserve jobs and to prevent people from falling into poverty during this difficult time.”

Reporting by Alvaro Murillo; Writing by Julia Love; Editing by Tom Brown

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