• Costa Rica Coffee Guide

Trade Ministry Satisfied With Investment Figures

April 21, 2006

For every $100 that entered Costa Rica in 2005 from direct foreign investment, $87 came from reinvestments made by companies that have already invested in the country, while $13 came from new investments, according to a statement released Monday by the Foreign Trade Ministry (COMEX).

Reinvestments represented 87.2% of direct foreign investment in 2005, marking an increase over 2004, when reinvestments represented 82% of direct foreign investment.

Foreign Trade Minister Miguel González attributed Costa Rica’s success with investments to COMEX’s Investment Division, which was created in June 2005 and generated $80.4 million in new investments in its first six months of operation.

“The creation of the COMEX Investment Division was an excellent decision that has resulted in new opportunities…the identification of difficulties and the elimination of obstacles,” González said, adding that reinvestments are important because “they demonstrate the confidence investors have in Costa Rica’s business climate and generate new and better jobs.”

EMC Technology, Gerber Ingredients and Firestone are a few of the foreign companies that have recently renewed investment plans in Costa Rica.

 

You may be interested

IMF loan ‘ultimately benefits all Costa Ricans,’ Alvarado says in interview
Costa Rica
1573 views
Costa Rica
1573 views

IMF loan ‘ultimately benefits all Costa Ricans,’ Alvarado says in interview

The Tico Times - March 2, 2021

The International Monetary Fund (IMF) on Monday approved a three-year, $1.78 billion loan to help stabilize Costa Rica's economy. Read: IMF…

This day in history: Pope John Paul II visits Costa Rica
A Look Back
2444 views
A Look Back
2444 views

This day in history: Pope John Paul II visits Costa Rica

The Tico Times - March 2, 2021

Tuesday is the 38th anniversary of Pope John Paul II’s visit to Costa Rica. As the first pope to visit the country,…

The compromises Costa Rica made with the IMF
Costa Rica
1090 views
Costa Rica
1090 views

The compromises Costa Rica made with the IMF

The Tico Times - March 2, 2021

Costa Rica will receive a three-year, $1.78 billion loan from the International Monetary Fund as part of the financial entity’s…