Loan for Banco de Costa Rica
Supporting the expansion of Japanese companies' business with Costa Rica
- Area: Latin America and the Caribbean
- Machinery and Equipment
JBIC established a credit line with Costa Rica's state-owned bank Banco de Costa Rica to provide funds for local companies in Costa Rica to purchase general machinery and equipment, renewable - energy- related facility*1, and also climate change mitigation facility*2 from Japanese companies. Costa Rica is planning extensive renewable energy development projects, and these credit lines are expected to deliver greater opportunities for Japanese exports into this sector where Japanese technologies are highly regarded internationally.
- *1They include those for geothermal power, wind power, biomass power, solar photovoltaic and solar thermal generation.
- *2They include those for thermal power plants with CCS facilities, CCS projects, waste to energy projects, hybrid power plants, combined heat & power projects, district heating and/or cooling related projects. CCS is a technology that separates, captures, and stores carbon dioxide, a major culprit of greenhouse gases, in deep sea beds or underground geological formations.