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Costa Rica, IMF reach agreement in principle for $1.75 billion loan
Costa Rica
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Costa Rica
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Costa Rica, IMF reach agreement in principle for $1.75 billion loan

Alejandro Zúñiga - January 22, 2021

Costa Rica has reached an agreement in principle with the International Monetary Fund (IMF) for a $1.75 billion loan. Before the loan is finalized, it must receive…

Costa Rica, IMF in talks to reduce fiscal debt
Costa Rica
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Costa Rica
1513 views

Costa Rica, IMF in talks to reduce fiscal debt

AFP - January 12, 2021

Costa Rica embarked on two weeks of negotiations with the International Monetary Fund on Monday, seeking a "viable" solution to its mounting fiscal debt, worsened by the…

Costa Rica seeks IMF agreement with the challenge of consolidating finances
Costa Rica
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Costa Rica
1460 views

Costa Rica seeks IMF agreement with the challenge of consolidating finances

Marco SIBAJA / AFP - January 8, 2021

Costa Rica on Monday will begin negotiations for an agreement with the International Monetary Fund (IMF) that would allow it to face its large fiscal deficit. The…

Costa Rica to begin IMF negotiations on January 11
Costa Rica
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Costa Rica
1442 views

Costa Rica to begin IMF negotiations on January 11

Alejandro Zúñiga - January 6, 2021

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

Costa Rica’s dire financial situation
Costa Rica
1460 views
Costa Rica
1460 views

Costa Rica’s dire financial situation

Alejandro Zúñiga - December 17, 2020

Two years after passing a controversial fiscal-reform project, Costa Rica remains on tenuous financial grounds. At an individual level, the pandemic and related measures have exacerbated unemployment.…

Costa Rica will begin negotiations with IMF in January
Costa Rica
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Costa Rica
1420 views

Costa Rica will begin negotiations with IMF in January

Alejandro Zúñiga - December 14, 2020

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. "It's a…

Costa Rica presents bills resulting from economic dialogue
Costa Rica
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Costa Rica
1362 views

Costa Rica presents bills resulting from economic dialogue

Alejandro Zúñiga - December 9, 2020

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…

Costa Rica still plans to negotiate with the IMF, Alvarado says
Costa Rica
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Costa Rica
1354 views

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

Alejandro Zúñiga - December 4, 2020

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

Costa Rica mired in difficult internal negotiations regarding agreement with IMF
Costa Rica
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Costa Rica
1352 views

Costa Rica mired in difficult internal negotiations regarding agreement with IMF

Marco SIBAJA / AFP - September 30, 2020

Costa Rica is immersed in difficult internal negotiations as it seeks an agreement with the International Monetary Fund (IMF) to help keep its pandemic-battered finances afloat. While…

IMF confirms beginning of conversations with Costa Rica for $1.75 bn loan
Costa Rica
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Costa Rica
1344 views

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

The Tico Times - September 24, 2020

The International Monetary Fund (IMF) on Thursday confirmed it has begun preliminary conversations with Costa Rica for a $1.75 billion loan. At a press briefing, spokesperson Gerry…