The general objective of this TC is the institutional and financial strengthening of RECOPE in a context of energy transition and gradual decarbonization of the country's economy that presents complex financial, fiscal and economic challenges for oil companies and for the country. The specific objective is to support RECOPE in the development of a risk management policy proposal through financial derivatives to hedge fuel prices and in the design of a pilot project and its evaluation, to mitigate the volatility of international fuel prices.
Project Detail
Country
Costa Rica
Project Number
CR-T1284
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
ENERGY
Subsector
ENERGY INSTITUTIONAL STRENGTHENING AND CAPACITY BUILDING
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental Classification
-
Total Cost
USD 250,000.00
Country Counterpart Financing
USD 50,000.00
Original Amount Approved
USD 100,000.00