Clock Ticking on Education Loan

September 8, 2006

Authorities from the World Bank have announced that if the Legislative Assembly does not approve a $30 million education loan from the bank within a month, it will lose the funds.

According to the daily La Prensa Libre, the World Bank authorized the loan 18 months ago, but Costa Rica’s Legislative Assembly didn’t approve it in first debate until last week. Following this vote, however, legislators from the Social Christian Unity Party (PUSC), Libertarian Movement, Broad Front and Access Without Exclusion Party (PASE) submitted the loan for review by the Constitutional Chamber of the Supreme Court (Sala IV), a process that can take up to a month.

If the Sala IV finds problems with the bill, its approval could be delayed indefinitely. Even if the justices approve of it, however, it would still need to be approved in second debate.

Jane Armitage, the World Bank’s director for Latin America and the Caribbean, told La Prensa Libre “we are very worried. A week ago we had a big celebration because we thought that finally, after almost 18 months, Congress had approved the loan, but now some problems have surfaced that worry us greatly.”

The funds would be used to improve infrastructure, as well as training for teachers and school board members, in rural areas, particularly frontier and indigenous regions (TT, Aug. 25).

 

You may be interested

Honduran opposition protesters take to the streets
Central America
817 views
Central America
817 views

Honduran opposition protesters take to the streets

Noe Leiva / AFP - December 15, 2017

Supporters of the leftist opposition in Honduras blocked streets in various cities around that country on Friday, despite political repression,…

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada
Please Send Coffee!
1891 views
Please Send Coffee!
1891 views

Of snow, kindness and Northern Lights: a Costa Rican in Manitoba, Canada

Gustavo Díaz Cruz - December 14, 2017

My mom named me Gustavo Adolfo. I was born in Puntarenas, next to the sea, but my home was in…

Response to disaster: aid successes, struggles in post-Maria Puerto Rico
Weather
1429 views
Weather
1429 views

Response to disaster: aid successes, struggles in post-Maria Puerto Rico

John McPhaul - December 13, 2017

As Costa Rica joins many other nations in looking back upon the horrendous 2017 hurricane season, longtime Tico Times contributor…