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United States Foreign Investments Costa Rica

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NEWS
January 13, 1989 | LARRY B. STAMMER, Times Staff Writer
In what was called the largest private "debt-for-nature" swap to date, the government of Costa Rica has agreed to take new steps to save its vanishing tropical forests in exchange for a reduction in its foreign debt, it was disclosed Thursday. Under an agreement announced in Washington, Costa Rica will not have to repay a $5.6-million loan it owed the American Express Bank.
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BUSINESS
October 27, 1989 | ART PINE, TIMES STAFF WRITER
President Bush's trip to Costa Rica today is expected to be buoyed by a surprise development--the announcement of a major debt-reduction package for that nation under a Third World debt-relief plan outlined by U.S. Treasury Secretary Nicholas F. Brady. Although details were still being ironed out Thursday, negotiators for Costa Rica and about 250 commercial banks were reported to have agreed in principle on a plan that would significantly pare back the estimated $1.
BUSINESS
October 27, 1989 | ART PINE, TIMES STAFF WRITER
President Bush's trip to Costa Rica today is expected to be buoyed by a surprise development--the announcement of a major debt-reduction package for that nation under a Third World debt-relief plan outlined by U.S. Treasury Secretary Nicholas F. Brady. Although details were still being ironed out Thursday, negotiators for Costa Rica and about 250 commercial banks were reported to have agreed in principle on a plan that would significantly pare back the estimated $1.
NEWS
January 13, 1989 | LARRY B. STAMMER, Times Staff Writer
In what was called the largest private "debt-for-nature" swap to date, the government of Costa Rica has agreed to take new steps to save its vanishing tropical forests in exchange for a reduction in its foreign debt, it was disclosed Thursday. Under an agreement announced in Washington, Costa Rica will not have to repay a $5.6-million loan it owed the American Express Bank.
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