| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 300.00 |
First Fiscal and Decarbonization Management DPL
Abstract*
The operation supports Costa Rica in mitigating the social and economic impacts of the coronavirus (COVID-19) pandemic and lays the foundations for sustainable fiscal recovery that also promotes green growth and low carbon development. The proposed US300 million dollars operation is the first in a programmatic Development Policy Financing (DPF) series of two in support of the Government’s program to: (i) protect people’s income and jobs from the impacts... Show More
Development Objective
The Program Development Objective of this DPL is to support Costa Rica's program to: (i) protect people’s income and jobs from the impact of COVID-19 and foster small and medium enterprise recovery; (ii) reinforce fiscal sustainability in the aftermath of COVID-19; and (iii) lay out the foundations for a strong post-COVID-19 recovery by promoting green growth and low-carbon development.
Key Details
Project Details
P171912
Closed
Eduardo Olaberria , Pedro Rodriguez, Barbara Cunha
Republic of Costa Rica
Costa Rica
December 2, 2019
(as of board presentation)
June 26, 2020
June 15, 2021
US$ 0.00 million
Ministry of Finance
2020
US$ 300.00 million
N/A
Not Applicable
June 30, 2021
BANK APPROVED
August 16, 2023
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 300.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 300.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| May 15, 2024 | IBRD-91460 | Int Charges | 11,647,194.00 |
| Jun 26, 2020 | IBRD-91460 | Loan Commitment | 300,000,000.00 |
| May 15, 2023 | IBRD-91460 | Int Charges | 10,528,167.00 |
| Nov 15, 2023 | IBRD-91460 | Int Charges | 11,116,667.00 |
| Nov 15, 2022 | IBRD-91460 | Int Charges | 5,918,666.50 |
| Jun 18, 2021 | IBRD-91460 | Fee Charges | 750,000.00 |
| Nov 15, 2021 | IBRD-91460 | Int Charges | 451,785.30 |
| Nov 15, 2021 | IBRD-91460 | Int Charges | 2,542,833.20 |
| May 15, 2022 | IBRD-91460 | Int Charges | 3,212,750.00 |
| Jun 22, 2021 | IBRD-91460 | Loan Disb | 300,000,000.00 |
Results Framework
PROJECT DEVELOPMENT OBJECTIVE INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
INTERMEDIATE RESULTS INDICATORS
| INDICATOR | BASELINE | CURRENT | TARGET |
|---|
Beneficiaries of Bono Proteger Value 0.00 724330.00 600000.00 Date December 31, 2019 January 8, 2021 December 31, 2020 Comment Share of families in the lowest quintile of the income distribution covered by Avancemos Value 20.00 30.00 40.00 Date December 31, 2019 June 1, 2021 December 30, 2022 Comment Districts covered by Estrategia Puente Value 75.00 82.00 88.00 Date December 31, 2019 June 1, 2021 December 30, 2022 Comment Amount of additional liquidity provided to SMEs (cumulative, starting in March 2020) Value 0.00 0.00 0.50 Date December 31, 2019 June 23, 2021 December 29, 2022 Comment Procedure to open business Value 10.00 10.00 5.00 Date December 31, 2019 June 23, 2021 December 30, 2022 Comment All business processes online Value 22.00 22.00 119.00 Date December 31, 2019 June 23, 2021 December 30, 2022 Comment Revenue generated from transferring SOEs revenues or capital Value 0.00 0.20 0.20 Date December 31, 2019 December 31, 2020 December 30, 2022 Comment Tax Revenues from VAT and income taxes Value 10.30 9.10 12.20 Date December 31, 2018 December 31, 2020 December 30, 2022 Comment Annual budgets of the Central Government (CG), Social Insurance Fund (SIF), and Universities (U) in compliance with the fiscal rule(number) Value 0.00 1.00 3.00 Date December 31, 2018 December 31, 2020 December 30, 2022 Comment Average nominal growth rate of the public wage bill in the CG Value 6.50 0.20 3.20 Date December 31, 2018 December 31, 2020 December 30, 2022 Comment Average nominal growth rate of the public wage bill in the the Non-Financial Public Sector (NFPS) Value 6.50 0.20 3.20 Date December 31, 2018 December 31, 2020 December 30, 2022 Comment Benchmark bonds outstanding in the domestic market for amounts US$1 billion or higher Value 0.00 0.00 2.00 Date December 31, 2019 June 23, 2021 December 30, 2022 Comment Reduction of non-competitive issuances, balance of direct investments and “treasury direct” as of end of the year Value 774000000.00 774000000.00 619000000.00 Date December 31, 2019 June 23, 2021 December 30, 2022 Comment Agreements formalizing reporting to SINAMECC Value 0.00 0.00 5.00 Date December 31, 2019 June 23, 2021 December 30, 2022 Comment