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Pandemic caused loss of 255 million jobs worldwide in 2020
Costa Rica
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Costa Rica
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Pandemic caused loss of 255 million jobs worldwide in 2020

Nina LARSON / AFP - January 26, 2021

The Covid-19 pandemic caused "massive damage" to employment, and recovery in 2021 will be "slow, uneven and uncertain" if policy makers do not take appropriate action, the…

Costa Rica summons IMF law projects to Legislative Assembly
Costa Rica
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Costa Rica
1127 views

Costa Rica summons IMF law projects to Legislative Assembly

Alejandro Zúñiga - January 26, 2021

The Executive Branch summed 36 bills to the floor of the Legislative Assembly for debate, including three that relate to Costa Rica's negotiations with the International Monetary…

Costa Rica and IMF reach technical agreement on fiscal adjustment
Costa Rica
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Costa Rica
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Costa Rica and IMF reach technical agreement on fiscal adjustment

AFP and The Tico Times - January 23, 2021

Costa Rica and the International Monetary Fund (IMF) announced Friday an agreement to balance the country's finances, which rules out privatizations or higher taxes on consumption or…

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 closes 2020 with large fiscal deficit, though better than expected
Costa Rica
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Costa Rica
1449 views

Costa Rica closes 2020 with large fiscal deficit, though better than expected

AFP - January 19, 2021

Costa Rica closed 2020 with a fiscal deficit of 8.3% of GDP, the highest in recent decades although lower than the official projection, the government announced Monday.…

Costa Rica, IMF in talks to reduce fiscal debt
Costa Rica
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Costa Rica
1360 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
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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 unemployment falls but remains at historic levels
Costa Rica
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Costa Rica
2537 views

Costa Rica unemployment falls but remains at historic levels

The Tico Times - January 7, 2021

Unemployment in Costa Rica was 21.3% in the moving quarter from September to November, a historically high level as a result of the pandemic, although the figure…

Costa Rica to begin IMF negotiations on January 11
Costa Rica
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Costa Rica
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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…

World Bank forecasts growth of 3.7% of Latin American GDP in 2021
Costa Rica
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Costa Rica
1899 views

World Bank forecasts growth of 3.7% of Latin American GDP in 2021

AFP and The Tico Times - January 6, 2021

The World Bank said Tuesday that it expects an economic expansion of 3.7% in Latin America and the Caribbean this year, improving on its previous forecast of…