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Unemployment in Costa Rica reaches 20.1%, the highest in its history, in midst of pandemic
Costa Rica
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Costa Rica
1787 views

Unemployment in Costa Rica reaches 20.1%, the highest in its history, in midst of pandemic

AFP and The Tico Times - July 16, 2020

Unemployment in Costa Rica reached 20.1% from March to May 2020, marking the highest-recorded level of that economic indicator, the official statistical agency announced Thursday. The figure…

Latin American Presidents, IMF and IDB discuss how to deal with the effects of pandemic
Financial crisis
3955 views
Financial crisis
3955 views

Latin American Presidents, IMF and IDB discuss how to deal with the effects of pandemic

AFP - June 24, 2020

The presidents of nine Latin American countries teleconferenced with senior executives of the IMF, the World Bank and the IDB to discuss how to face the economic…

Unemployment in Costa Rica reaches 15.7%, the highest in its history
Costa Rica
1761 views
Costa Rica
1761 views

Unemployment in Costa Rica reaches 15.7%, the highest in its history

AFP and The Tico Times - June 19, 2020

Unemployment in Costa Rica reached 15.7% from February to April 2020, marking the highest-recorded level of that economic indicator, the official statistical agency announced Thursday. The figure…

Latin America could reach 215 million impoverished people, ECLAC warns
Costa Rica
1033 views
Costa Rica
1033 views

Latin America could reach 215 million impoverished people, ECLAC warns

Oscar Ugarte Jiménez / Semanario Universidad - June 17, 2020

The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) announced Monday that poverty and extreme poverty will increase considerably in the region as a…

S&P downgrades Costa Rica to ‘B’ due to coronavirus and worsening accounts
Costa Rica
996 views
Costa Rica
996 views

S&P downgrades Costa Rica to ‘B’ due to coronavirus and worsening accounts

AFP and The Tico Times - June 10, 2020

The rating agency Standard & Poor's (S&P) on Tuesday downgraded Costa Rica's credit rating to "B" with a negative outlook in response to doubts about the implementation of…

Pandemic leads Moody’s to drop Costa Rica’s ratings forecast
Costa Rica
937 views
Costa Rica
937 views

Pandemic leads Moody’s to drop Costa Rica’s ratings forecast

Alejandro Zúñiga - June 4, 2020

Moody's Investor Services, a United States-based financial company, changed its outlook on Costa Rica's ratings from stable to negative. The move comes months after the company downgraded Costa…

Costa Rica announces productive credits and infrastructure investments to revive economy
Business
4595 views
Business
4595 views

Costa Rica announces productive credits and infrastructure investments to revive economy

AFP and The Tico Times - May 9, 2020

Costa Rica announced on Friday loans for $1.5 billion to support companies from all sectors, along with a $5.45 billion investment in infrastructure to relaunch the economy,…

Unemployment in Costa Rica was rising even before coronavirus crisis
Costa Rica
1826 views
Costa Rica
1826 views

Unemployment in Costa Rica was rising even before coronavirus crisis

AFP and The Tico Times - May 8, 2020

Unemployment in Costa Rica reached 12.5% ​​in the first quarter of this year, up from 11.3% in the same period of 2019, the official statistical agency reported…

Costa Rica bets on infrastructure to overcome economic blow of coronavirus crisis
Costa Rica
399 views
Costa Rica
399 views

Costa Rica bets on infrastructure to overcome economic blow of coronavirus crisis

AFP and The Tico Times - May 5, 2020

The President of Costa Rica, Carlos Alvarado, on Monday defended the promotion of large infrastructure works as an engine of the economy to overcome the crisis caused…

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

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…