Costa Rica asks IMF for $700 million from new sustainability trust

The Central Bank of Costa Rica’s headquarters are pictured in San Jose, Costa Rica February 12, 2020. REUTERS/Juan Carlos Ulate

SAN JOSE, June 25 (Reuters) – Costa Rica has told the International Monetary Fund (IMF) it is interested in obtaining a nearly $700 million loan to invest in infrastructure from a newly created fund, the Central Bank said.

Costa Rican authorities told the IMF that the country aims to be the first to secure financing from the IMF’s Resilience and Sustainability Trust (RST), announced in April, the Central Bank told Reuters on Friday.

“The Government is