Chinese Loan A Sign Of Things To Come

BMI View:The recently announced loan to Costa Rica from China for an oil refinery project reinforces our view that the Asian economy will become an increasingly important economic partner for Costa Rica in the years to come. The refinery upgrade itself will eventually see Costa Rica break its reliance on imported refined products, while the loan will provide a crucial source of financing at a time when fixed investment from developed states looks set to wane.

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