LatinNews Daily - 10 June 2022

In brief: Costa Rica authorises new venture capital funds

*Costa Rica’s superintendence of financial institutions (Sugeval) has approved the creation of the country’s first-ever venture capital funds as an option for the small and medium-size (SME) sector to obtain finance to develop their business. The new funds are administered by Grupo Mutual, a local financial institution providing banking and financial services. According to a press communique by Costa Rica’s stock exchange (BNV), circulated in the local media, one of the funds is for the tourism sector while the other is more general. Each fund is worth US$200m.

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