The Costa Rican Social Security Fund (CCSS) is advancing with the execution of its infrastructure and technology portfolio with 225 works that are in execution or in the contracting process, announced Dr. Román Macaya, executive president.
Macaya highlighted in a press conference that despite the covid-19 pandemic, the institution has prioritized a package of projects with an investment of around 2 billion colones. “We are advancing with an institutional portfolio of mature projects, which means an investment in work of ¢ 1,004,496 million and in operation of ¢ 952,169 million.”
Part of the financing comes from the agreement to pay the State debt with the Caja through a loan with the Central American Bank for Economic Integration (CABEI) for 500 million dollars, which is specifically destined for medical infrastructure.
And, in addition, indicated the hierarch, the agreement included that the Government allocate 10 percent of all the loans that will be approved to cover other needs in the provision of services of the Fund.
On the other hand, Dr. Macaya stated that the pandemic significantly exacerbated the financial situation that has forced the institution to double expenses, attending to the health crisis and providing ordinary services.
He added that Costa Rica “has had great achievements in health and this means that our population is aging”, which entails great challenges for the sustainability of health insurance and pensions, which makes it necessary to propose new forms of financing that inject fresh resources to the CCSS without depending on worker-employer fees.
Macaya reiterated that these 225 projects are already underway and did not rule out that others would be included later. The CCSS does not stop, “we continue despite the fact that there is total attention to the health crisis and that there is an undeniable economic impact,” he said.