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President of Legislative Assembly doesn’t see viability of Costa Rica’s IMF proposal
Costa Rica
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Costa Rica
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President of Legislative Assembly doesn’t see viability of Costa Rica’s IMF proposal

Alejandro Zúñiga - September 21, 2020

The president of Costa Rica's Legislative Assembly expressed his displeasure with the Presidency's fiscal measures that are intended to help the country secure financing from the International…

Costa Rica proposes tax measures as part of IMF negotiations
Costa Rica
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Costa Rica
992 views

Costa Rica proposes tax measures as part of IMF negotiations

Alejandro Zúñiga - September 18, 2020

The Costa Rican Presidency on Thursday announced the fiscal measures it will present to the International Monetary Fund (IMF) as part of negotiations to secure $1.75 billion…

Costa Rica to propose fiscal adjustments before negotiations with IMF
Costa Rica
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Costa Rica
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Costa Rica to propose fiscal adjustments before negotiations with IMF

Alejandro Zúñiga - September 17, 2020

The Costa Rican government on Thursday will announce details about its upcoming negotiations with the International Monetary Fund (IMF), from which the Central American nation has asked…

Costa Rica asks IMF for assistance due to impacts of pandemic
Costa Rica
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Costa Rica
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Costa Rica asks IMF for assistance due to impacts of pandemic

AFP - August 30, 2020

Costa Rica on Saturday asked the International Monetary Fund (IMF) to begin negotiations for a three-year assistance agreement, in which the government would agree to apply fiscal…

Costa Rica temporarily withdraws 10 law projects to streamline IMF loan
Costa Rica
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Costa Rica
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Costa Rica temporarily withdraws 10 law projects to streamline IMF loan

Alejandro Zúñiga - August 18, 2020

The Costa Rican Presidency has withdrawn 10 law projects in an effort to streamline the path toward a $504 million loan from the International Monetary Fund. A…

BCCR now predicts 5% fall in Costa Rica GDP for 2020
Costa Rica
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Costa Rica
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BCCR now predicts 5% fall in Costa Rica GDP for 2020

Alejandro Zúñiga - July 31, 2020

Costa Rica's Gross Domestic Product (GDP) is expected to shrink by 5% due to the COVID-19 pandemic, according to updated predictions from the Central Bank (BCCR). The…

IMF approves $504 million loan for Costa Rica amid coronavirus
Costa Rica
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Costa Rica
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IMF approves $504 million loan for Costa Rica amid coronavirus

The Tico Times - April 30, 2020

The IMF board on Wednesday approved $504 million in emergency financing for Costa Rica to help the Central American nation deal with the economic damage inflicted by…

Costa Rica’s economy will shrink 3.6% in 2020 due to COVID-19, according to Central Bank
Costa Rica
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Costa Rica
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Costa Rica’s economy will shrink 3.6% in 2020 due to COVID-19, according to Central Bank

María Flórez-Estrada Pimentel / Semanario Universidad - April 25, 2020

Costa Rica's Gross Domestic Product (GDP) — that is, the total value of goods and services produced in a year — is expected to decrease by 3.6%…

Costa Rica meets with IMF to discuss financing options to face crisis
Costa Rica
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Costa Rica
3951 views

Costa Rica meets with IMF to discuss financing options to face crisis

AFP and The Tico Times - April 16, 2020

Economic authorities in Costa Rica met with the International Monetary Fund (IMF) and asked for a line of financing that would allow it to face the financial…

Costa Rica to stop minting ₡5 coin
Costa Rica
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Costa Rica
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Costa Rica to stop minting ₡5 coin

Alejandro Zúñiga - November 7, 2019

The Central Bank of Costa Rica (BCCR) announced Thursday that it will stop minting five-colón coins (₡5) at the end of this year. The 715 million coins of…