No menu items!

COSTA RICA'S LEADING ENGLISH LANGUAGE NEWSPAPER

HomeCosta RicaRodrigo Chaves assumes Costa Rican presidency with mission to clean up economy

Rodrigo Chaves assumes Costa Rican presidency with mission to clean up economy

Economist Rodrigo Chaves will becomes the 49th president of Costa Rica today with the main task of cleaning up the economy of one of the countries with the most stable democracies in Latin America.

The ceremony will be held in San José at 10H00 local time inside the Congress, unlike previous years, when it was held at the National Stadium. The King of Spain, Felipe VI, has confirmed his presence, among 97 international delegations.

The right-wing Chaves, 60 years old and with three decades of career in the World Bank, comes to power to try to solve the economic crisis of the country, with 23% of its population in poverty (6.30% in extreme poverty) and 13.6% unemployment, according to the National Institute of Statistics and Census (INEC).

With an economy driven mostly by tourism, Costa Rica was hard hit by the covid-19 pandemic.

“It is critical for the country that Chaves improves the economy. There have been many years of difficulties and politicians who are not convincing. This new government has an opportunity to do something different,” said Adrian Aguiluz, 35, a communicator and resident of the capital.

Recently Chaves said he hopes to “improve” the conditions of a 1.7 billion dollar loan with the International Monetary Fund (IMF), vital, according to the outgoing government of Carlos Alvarado, to keep the country’s finances afloat.

“This, it seems, will be a management concentrated on the economic part, the forte of the president-elect. It is also a national concern in all sectors. It seems that we are going to have a proposal for the reordering of public finances”, said political analyst Gina Sibaja.

Apologies for sexual harassment

According to experts, the population favored Chaves’ experience in economics, despite the fact that he has been sanctioned for sexual harassment of two subordinates within the World Bank. After his election, the new president offered his “apologies” for these facts.

In addition, he has already stated his opposition to environmental policies, in a country with a recognized global leadership on the subject and which has desisted from exploiting gas and oil.

Chaves has said that he will not ratify the Escazu Agreement, an important regional pact to protect environmental defenders.

The new president is a surprising figure in politics, as his only stint in state posts was for 180 days as finance minister, of the outgoing administration, between 2019 and 2020. He left the position due to differences with Alvarado.

A few months later he appeared as a presidential candidate with a proposal based on the economic recovery of this country with 5.2 million inhabitants.

Diplomacy

Currently, Costa Rica does not recognize the government of Daniel Ortega in Nicaragua, considering that his election for a fourth consecutive term lacked “democratic conditions” and has withdrawn its ambassador from Managua.

A few days after taking office, Chaves was in favor of reinstating his ambassador in Managua, although he later retracted his decision.

He also invited Juan Guaidó, whom half a hundred countries, including the United States, recognize as president of Venezuela instead of Nicolás Maduro, to Chaves’ inauguration. Guaidó has not confirmed his presence.

However, Chaves’ future foreign minister, André Tinoco, told local media that recognizing Maduro is under evaluation. Analysts believe that the new government may take surprising turns.

“We will see if there is not a narrative change regarding the cost of living and corruption as the main problems of the country, according to his campaign themes, because he could recrudesce his discourse and minimize it to procure new narratives,” said also analyst Eugenia Aguirre.

The President of Kosovo, Vjosa Osmani, and his counterparts from Colombia and Morocco, Ivan Duque and Aziz Akhannouch, respectively, are also confirmed for the inauguration ceremony. 

The presidents of the Dominican Republic, Luis Abinader, and Panama, Laurentino Cortizo, are also confirmed. Both countries, together with Costa Rica, make up the Alliance for Democratic Development (ADD).

by David GOLDBERG

Trending Now

Peru’s Ignacio Buse Stuns Tommy Paul in Hamburg, Ends 19-Year ATP Title Drought

Peruvian qualifier Ignacio Buse outlasted American sixth seed Tommy Paul 7-6(6), 4-6, 6-3 on Saturday to win the Bitpanda Hamburg Open, capturing his first...

Costa Rica Tourism Brand Cancels Uber Alliance After Backlash

Costa Rica’s nation brand, esencial Costa Rica, and export promoter Procomer reversed a tourism marketing alliance with Uber just one day after announcing it,...

Costa Rica Bus and Taxi Fares Rise After Fuel Price Spike

Costa Rica approved higher bus and taxi fares this week after a rise in international fuel prices pushed up operating costs for public transport...

Costa Rican Cinema Makes History With Cannes Acting Award

Costa Rican cinema reached a new milestone Friday, May 22, when actresses Daniela Marín Navarro and Mariángel Villegas shared the Best Actress award in...

US Has Deported 95 Migrants to Costa Rica; Doctors Warn of Disease Risk

Costa Rica has now received four flights of migrants deported by the United States under the bilateral agreement signed in March, bringing the total...

Chayanne Thrills Costa Rica Fans at Estadio Nacional Concert

San José welcomed Puerto Rican superstar Chayanne last night as thousands of fans filled the Estadio Nacional in La Sabana for one of Costa...

Costa Rican Boxing Star Yokasta Valle Eyes Another World Title

Costa Rican boxing star Yokasta Valle will return to the ring Saturday, May 30, with a chance to add another major belt to one...

Nicaraguan Exiles in Costa Rica Warn Repression Has Crossed the Border

Gabriel Putoy does not even go out alone to take out the trash, nor does he pass through the same place twice: Nicaraguan exiles...

Costa Rica’s La Negrita Basilica Hit by Gunfire as Worshippers Attended Mass

Costa Rica's most important Catholic pilgrimage site was struck by gunfire during Saturday morning Mass, with two bullets shattering windows on the south side...
🌴 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

Live prediction market odds via Kalshi. Updates every 60 seconds.
Kalshi is available to US residents 18+. The Tico Times may earn a commission from new signups.

Costa Rica Car Rentals
Costa Rica Travel Insurance
Costa Rica Travel