World Bank studying USD27 million loan proposal for telecoms sector

24 Jul 2008

BNamericas reports that the World Bank is considering a USD27 million loan request from the Costa Rican government to boost telecoms infrastructure, regulation and competition policy. According to a statement by the bank, ‘the project’s development objective is to promote the universal accessibility of a wide range of quality modern telecommunications services provided by multiple service providers in a well-regulated competitive environment, contributing to economic growth, competitiveness and private participation.’ The estimated appraisal date for the loan is 22 September, while a board meeting review of the request is scheduled for 26 November.