Costa Rica municipalities face ICSID compensation risk in EBI landfill arbitration

Costa Rica's former trade minister warned municipalities they may have to pay multi-million-dollar compensation if the state loses an ICSID arbitration brought by EBI over failed sanitary landfill projects. The claim is based on a single source and the arbitration's outcome is uncertain. This matters because a loss could impose significant fiscal costs on local governments and signal investment-risk concerns.

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