Costa Rica Casts Its Net Wider for Investment as Deficit Widens
- Government Seeks UAE Wealth Fund Cash for Highways, Services
- Talks over $1 billion bond sale to China stalled early 2016
Costa Rica's Solis: Why We're in Talks With UAE Investors
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Costa Rica is looking to the vast reserves of the United Arab Emirates’s sovereign wealth funds to boost investment in the Central American nation, President Luis Guillermo Solis said, a year after failing to convince the Chinese to buy $1 billion of its bonds.
The wealth funds, as well as private investors in the UAE, could buy into a series of highway and railroad projects connecting the Caribbean to Pacific coasts and in the production of high-tech medical devices, as well as tourist facilities, Solis said in a telephone interview interview.