No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeArchiveRodrigo Arias managed BCIE funds, docs show

Rodrigo Arias managed BCIE funds, docs show

Former Presidency Minister Rodrigo Arias decided whom to hire, the length of paid government contracts and the amounts for several consultants, according to a widening probe over management of funds by the Central American Bank of Economic Integration (BCIE).

Recently released documents call into question statements Arias made to lawmakers on Aug. 2008, when he stated under subpoena that he only recommended candidates, but that final payment decisions were made by a BCIE fund manager (TT, Feb. 17, 11, 4).

In 2008, BCIE donated $2 million to the Presidency Ministry as part of a program seeking to “enhance governability” in Central America. Opposition leaders at the time claimed it was a means to bypass oversight.

In July 2008, an investigative legislative commission first questioned Arias about which experts and consultants were hired and paid with BCIE funds. Lawmakers also requested a copy of all related paper work, but Arias’ brother, former president Oscar Arias, denied the request.

Almost three years later, the full record of paid consultants was finally released upon President Laura Chinchilla’s request. It paints a different picture than Arias’ original statements.

In several letters sent to BCIE Director

Alfredo Ortuño, Rodrigo Arias determined the names and terms of consultants to be hired.

The services that were under hire lack any type of formal review or supervisory documents.

Arias declined to comment on the matter with the media.

“It’s absolutely not acceptable that a state minister, a person carrying the trust of the people, lie before congress in a formal investigation,” said Manrique Oviedo, legislator of the Citizens Action Party.

Trending Now

Panama and US Set to Launch Canal Defense Drills

Panama and the United States will start joint military exercises on Monday to bolster defenses around the Panama Canal. This marks the first extended...

Costa Rica Rescues Orphaned Manatee Calf in Tortuguero

A young female manatee washed up alone on a beach in Tortuguero National Park early on January 5, sparking a coordinated effort by local...

Guanacaste Leads Coastal Recovery in Costa Rica Real Estate

Costa Rica’s real estate market heads into 2026 with steady footing after recent adjustments in high-end coastal areas. Buyers and investors find a landscape...

Trump Announces Venezuela Oil Transfer Worth Billions

President Donald Trump announced on Tuesday that Venezuela plans to transfer between 30 and 50 million barrels of crude oil to the United States....

El Salvador Opens Immigration Office in Surf City for Visitors

El Salvador has launched a new immigration office in its Surf City Punta Roca area, a move that simplifies paperwork for foreigners who frequent...

Costa Rica Police Raid Dismantles Teen Extortion Ring Targeting Rivals

Costa Rica Police arrested two teenagers on Thursday morning in Betania de Siquirres after a months-long probe into a small but aggressive extortion operation....
Avatar
Costa Rica Coffee Maker Chorreador
Costa Rica Coffee Maker Chorreador
Costa Rica Travel Insurance
Costa Rica Travel

Latest News from Costa Rica