• Costa Rica Coffee Guide

Chinchilla sets financial goals, calls Costa Rica an ‘economic miracle’

June 25, 2010

 

The Chinchilla administration on Monday announced financial goals for the next four years, saying it aims to achieve $9 billion in foreign investment and $17 billion in exports.
 
“Costa Rica has been one of the most successful countries in Latin America in terms of foreign investment,” said President Laura Chinchilla, calling her country an “economic miracle.”  
 
Chinchilla said that for each million dollars of foreign investment, at least 17 direct jobs are created.
 
“We have to understand that a united platform in favor of foreign investment and production of exports gives us not only access to markets, but also better levels of competition and higher economic welfare,” she said.
 
Foreign investment has increased an average of 12 percent each year since 1990, but fell by 34 percent during the crisis year of 2009. Former President Oscar Arias is credited with a 132 percent overall increase in foreign investment during his second four-year term, which ended this year.
 
Foreign Trade Minister Anabel Gonzaléz pointed to the telecommunications, tourism and energy sectors as some of the most promising target areas for investment.
 
Not only is Chinchilla looking to attract more money into Costa Rica, but she is also working to increase the country’s exports by 22 percent during her term. For each percentage-point increase in exports, she said, 7,500 jobs are created.
 
Chinchilla said her administration will focus on improving infrastructure, streamlining regulations and continuing to educate the labor force to meet the target goal, which she stressed has been brought closer into reach by the recently signed trade agreements with Europe, China and the United States.

You may be interested

Avianca to offer direct flights between Miami and Costa Rica
Costa Rica
1916 views
Costa Rica
1916 views

Avianca to offer direct flights between Miami and Costa Rica

Alejandro Zúñiga - April 10, 2021

Avianca announced a daily nonstop flight between the San José area and Miami, Florida, scheduled to start July 1. According…

Panama authorizes use of Chinese vaccine against Covid-19
Latin America
2123 views
Latin America
2123 views

Panama authorizes use of Chinese vaccine against Covid-19

AFP - April 10, 2021

Panama authorized "emergency" use of the CoronaVac vaccine, from the Chinese pharmaceutical company Sinovac, to combat Covid-19, the government announced…

Costa Rica coronavirus data for Friday, April 9
Costa Rica
59 views
Costa Rica
59 views

Costa Rica coronavirus data for Friday, April 9

The Tico Times - April 9, 2021

The country registered 907 new cases of Covid-19 on Wednesday, April 7; 877 on Thursday, April 8; and 914 cases…