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Bank of Costa Rica

Costa Rica, IMF in talks to reduce fiscal debt

The country is hoping for a loan of $1.75 billion.

Costa Rica seeks IMF agreement with the challenge of consolidating finances

The original IMF proposal unleashed a wave of protests, with road blocks throughout the country, which forced the government of Carlos Alvarado to withdraw the initiative.

Costa Rica to begin IMF negotiations on January 11

Costa Rica will begin negotiations for a loan from the International Monetary Fund (IMF) on January 11, the Finance Ministry announced. 

Costa Rica’s dire financial situation

Two years after passing a controversial fiscal-reform project, Costa Rica remains on tenuous financial grounds. 

Costa Rica will begin negotiations with IMF in January

Costa Rica will begin negotiations for a loan from the International Monetary Fund (IMF) during the second week of January, Finance Minister Elian Villegas announced. 

Costa Rica presents bills resulting from economic dialogue

The Costa Rican Presidency on Tuesday introduced two new bills and supported six others meant to help the country cut costs in context of a growing financial crisis. 

Costa Rica still plans to negotiate with the IMF, Alvarado says

President Carlos Alvarado still intends for Costa Rica to negotiate with the International Monetary Fund (IMF) to address the country's looming financial crisis. 

Costa Rica mired in difficult internal negotiations regarding agreement with IMF

President Alvarado and Corrales agreed that the absence of an agreement will bring dire consequences for the country, with the risk of a higher deficit, devaluation and consequent inflation, more poverty and more unemployment.

IMF confirms beginning of conversations with Costa Rica for $1.75 bn loan

The International Monetary Fund (IMF) on Thursday confirmed it has begun preliminary negotiations with Costa Rica for a $1.75 billion loan.

IMF predicts ‘partial and uneven’ recovery in Latin America due to Covid-19

The IMF has granted emergency aid to almost 80 countries, 20 of them in Latin America. And Okamoto said it remains ready to support the nations in need.

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