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LatinNews Daily - 28 July 2021

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In brief: CAF approves new loan for Costa Rica’s electricity institute

* The Latin American Development Bank (CAF) has approved a US$100m loan for Costa Rica’s state electricity firm Instituto Costarricense de Electricidad (ICE) in the context of efforts to address the economic impact of the coronavirus (Covid-19) pandemic. CAF’s interim executive president Renny López said the loan aimed to strengthen ICE’s “liquidity situation” and “financial sustainability”. According to a CAF press release, last year it disbursed a US$500m loan approved in 2019 to support Costa Rica’s “fiscal efforts” and “help the country meet short term financing needs”.