Threats to Credit for Construction

In Costa Rica the index of activity in the construction sector has had 4 consecutive months of downturn
In Costa Rica the index of activity in the construction sector has had 4 consecutive months of downturn, and now faces the threat of new financial rules which will make access to credit more costly.
The construction sector’s main concern is the impact that interest rates will have on the new standards which financial institutions will need to comply with. They are predicting an increase in credit costs primarily because of the new rules already in force and which determine that for institutions that lend money, “… The minimum percentage level of the countercyclical estimate required is 0.33%. Each entity must register on a monthly basis expenditure equivalent to

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