Costa Rica MAG plans $5.8B in loans for El Niño-hit producers pending damage assessment

Costa Rica's Ministry of Agriculture (MAG) announced a $5.8 billion loan and debt restructuring package for agricultural producers affected by El Niño, contingent on damage assessments. The scale of the package suggests significant anticipated agricultural impact, but the final allocation depends on ongoing evaluations. This signals proactive government response to climate-related economic stress in the agricultural sector.