World Bank approves $350 million loan for Costa Rica

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

SAN JOSE (Reuters) - 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.