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news More Poverty by Next Year; Costa Rica English News Blog | -- ../../local/crinews/poverty/20081223-180412-More-Poverty-by-Next-YearMore Poverty by Next Year
12/23/08 18:04
Costa Rican President Oscar Arias believes and foretasted poverty growth exponentially by the start of next year. On the La Nacion daily he says that it will be caused by the effects of the US recession which will mean less American tourist, investments and less demand for Costa Rican products like fruits. To counter the effects of this, he already negotiated with Inter-American Development Bank to secure a $850 million loan for public spending and capitalization for the productive sector.[404 Check: was link to http:/ / www. plenglish. com/ article. asp?ID=%7BE52228B6 -59D7 -479F -A53D -F50C68F4E975%7D)&language=EN, anchor: News: Costa Rica Poverty to Rocket in 2009 - Prensa Latina]
News Digest Blog Tags: • poverty • inter american development bank • oscar arias • effects of recession • - Permalink
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