LIVE: Benin goes to the polls to elect Talon’s successor months after failed coup

LIVE: Benin goes to the polls to elect Talon’s successor months after failed coup

LIVE: Benin goes to the polls to elect Talon’s successor months after failed coup

LIVE: Benin goes to the polls to elect Talon’s successor months after failed coup

LIVE: Benin goes to the polls to elect Talon’s successor months after failed coup

LIVE: Benin goes to the polls to elect Talon’s successor months after failed coup

BREAKING

World Bank approves $350 million loan for Costa Rica

FILE PHOTO: 2023 Spring Meetings of the World Bank Group and the International Monetary Fund
FILE PHOTO: The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo
Source: X06757

World Bank approves $350 million loan for Costa Rica

The World Bank approved a $350 million loan for Costa Rica to fund infrastructure and climate and disaster resilience projects, the lender said on Friday.

The program is to fund investments in critical infrastructure for flood control and slope stabilization, as well as the reconstruction of bridges and roads damaged by weather-related disasters.

Costa Rica "remains highly exposed to extreme weather events and natural hazards, which increase the impact of these risks," the country's finance minister, Nogui Acosta, said in a statement from the World Bank.

"This project is aligned with the country's strategy for mitigating and adapting to climate change and will support our priority of investing in resilient infrastructure and services to protect people living in the most vulnerable areas," Acosta added.

This article was produced by Reuters news agency. It has not been edited by Global South World.

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