No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveHighlights from Arias’ First Administration

Highlights from Arias’ First Administration

Though Oscar Arias is perhaps best known for brokering the peace deal to end Central America’s civil wars, which subsequently won him the Nobel Peace Prize during his first administration, his legacy does include some domestic actions, despite criticisms that he looked outside Costa Rica’s borders to the detriment of the interior. Here are the highlights:

• Constructed approximately 80,000 homes for the poor – his best-known domestic claim to fame.

• Created the Housing Mortgage Bank (BANHVI), which provides access to housing through home loans and housing grants.

• Selected the country’s first female Vice-President, Victoria Garron de Doryan.

• Established the Constitutional Chamber of the Supreme Court (Sala IV) to address all issues – from legislative bills to individual rights – related to the Constitution.

• Reformed the education system by making it mandatory for students to pass standardized tests after the 6th and 11th grades.

• Presided over the government during a time in which the country’s foreign debt – which he described at the beginning of his administration as the highest per-capita foreign debt in the free world except for Israel –was reduced by $1 billion through forgiveness and renegotiation. However, he left office with the debt still standing at the sizeable sum of $4 billion.

 Oversaw structural reforms in Costa Rica’s economy endorsed by the World Bank – known as the Washington Consensus and the Structural Adjustment Package – aimed at promoting exports, liberalizing the economy and reducing the size of the state following the country’s earlier economic crisis. Some of these reforms are still criticized.

• Part of these reforms included eliminating financing to allow the National Production Council (CNP) to subsidize the purchase of basic grains for farmers, which resulted in huge strikes and loss of corn crops.

• Pushed non-traditional exports, attracted foreign investment and tourism and reduced unemployment.

• Constructed the Plaza de la Democracia, located next to the National Museum, and created the Parque de la Paz, in southern San José.

• Prompted controversy by granting a concession to the private company Comcel, later Millicom, to exploit radio frequency, which resulted in the company offering cell phone service outside of the Costa Rican Electricity Institute (ICE), the state monopoly on electricity and telecommunications.

 

Trending Now

Late Messi Magic Sends Argentina Past England Into World Cup Final

Argentina overturned a one-goal deficit in the closing minutes to beat England 2-1 in Atlanta on Wednesday, sending the defending champions through to the...

U.S. Seeks Extradition of Four Suspects in Liberia Cocaine Case

The United States has requested the extradition of three Costa Ricans and a Mexican citizen accused of helping an international drug network move cocaine...

Dollar hits record low in Costa Rica for third straight day

If your income arrives in dollars — a pension, Social Security, remote-work pay or rent from a property back home — this week quietly...

Costa Rica ‘sold itself’ to Washington for visa power, says Óscar Arias

Former President and Nobel Peace laureate Óscar Arias has accused Costa Rica of surrendering its foreign-policy independence to the United States, telling a San...

Costa Rica Posts Record First Half for Tourism Even as June Arrivals Dip

Costa Rica welcomed more visitors by air in the first half of 2026 than in any comparable period on record, even as June delivered...

Carlos Alcaraz Return Leads Latin Charge at 2026 Cincinnati Open

Carlos Alcaraz will return to competition at the Cincinnati Open, where the defending champion will lead a powerful field that includes 10 former tournament...

High Surf hits Costa Rica’s Caribbean Coast with Rip Current Risk

If you're planning beach days on the Caribbean side over the next several days, plan for rough water. Waves are running above two meters...

Flooding Shuts Route 32 and Cuts Route 4 in Costa Rica’s Caribbean

If you are driving to the Caribbean coast or the Northern Zone today, plan for trouble. The main highway between San José and Limón,...

Costa Rica’s Waldorf Astoria Named to Forbes List of Five Vacation-Worthy Resorts

Costa Rica's Waldorf Astoria Punta Cacique has landed on a short Forbes list of luxury properties the magazine says are worth building an entire...
Avatar
🌴 The Weekly Pura Vida

Costa Rica, Once a Week

The week's top stories, weather & insider tips — delivered every Sunday. One email, zero clutter.

🔒 Free. No spam. Unsubscribe anytime.

Loading…

Latest News from Costa Rica

Costa Rica Coffee Maker Chorreador
Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel