China Buys Costa Rica For $1.5 Billion
Let’s all be honest here. Costa Rica and Laura Chinchilla just sold the soul of Costa Rica. The price tag was $1.5 Billion, but I guess we can add that to the running total which includes the national stadium.
Do not forget that this includes a $900 Million line of credit for an oil refinery on the Caribbean coast. Showing once again that the Costa Rica government is not really wanting to go “green” and be carbon neutral. It also shows once again they do not care about the Caribbean coast of Costa Rica.
China Gives Costa Rica $900M Credit for Refinery
China will give Costa Rica a $900 million line of credit to finance the expansion and remodeling of an oil refinery in the Central American country’s Caribbean coast, the two countries announced Monday.
During an official visit by Chinese President Xi Jinping, the two countries signed nine cooperation agreements totaling $1.5 billion that will provide resources for improving Costa Rican roads and public transit fleets, purchasing solar panels and the building of a new police school.
China lends Costa Rica $400 million on Xi visit
China lent Central American ally Costa Rica nearly $400 million on Monday during a visit by Chinese President Xi Jinping to a region where Beijing has traditionally vied with rival Taiwan for influence.
Costa Rica recently backed China in its dispute with Taiwan, which Beijing regards as a renegade province, in votes at the United Nations. Members of the Costa Rican opposition said the deals announced on Monday raised questions about what China expected in return.