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LatinNews Daily - 15 November 2019

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In brief: Costa Rica’s gov’t seeks to boost tourism

* Costa Rica’s government has announced that a US$50m credit line will be opened for small and medium-sized enterprises (SMEs) within the country’s tourism sector. This forms part of an initiative driven by Costa Rica’s banking development system (SBD) in coordination with the national tourism chamber (Canatur). The credit line is available to hotels, hostels, tour operators and restaurants in tourist zones that qualify as SMEs, with a maximum of US$1m going to each enterprise with a term of up to 15 years. It is hoped that the investment will provide the necessary funding for construction, renovation of infrastructure and diversification of amenities.