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Costa Rica to become first Central American country in the OECD
Costa Rica
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Costa Rica
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Costa Rica to become first Central American country in the OECD

AFP and The Tico Times - May 15, 2020

Costa Rica was invited Friday to join the Organization for Economic Cooperation and Development (OECD), an international forum to coordinate economic and social policies. "OECD Secretary General…

Unemployment in Costa Rica was rising even before coronavirus crisis
Costa Rica
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Costa Rica
1751 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…

How to support Costa Rican businesses and communities during the coronavirus crisis
Business
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Business
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How to support Costa Rican businesses and communities during the coronavirus crisis

The Tico Times - April 29, 2020

While the new coronavirus hasn’t yet caused a health crisis in Costa Rica, the pandemic has had widespread repercussions for the country’s economy.  More than 550,000 Costa…

Costa Rica plans to invest $880 million to face coronavirus impact
Costa Rica
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Costa Rica
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Costa Rica plans to invest $880 million to face coronavirus impact

AFP and The Tico Times - April 9, 2020

Costa Rica presented to its Legislative Assembly on Wednesday an investment plan for $880 million to support citizens who have lost their income due to the coronavirus…

Costa Rica preparing economic support in response to coronavirus
Costa Rica
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Costa Rica
1012 views

Costa Rica preparing economic support in response to coronavirus

Alejandro Zúñiga - March 14, 2020

President Carlos Alvarado said Costa Rica is preparing a series of economic measures to protect jobs and businesses during the downturn caused by the coronavirus pandemic. In…

Costa Rica registers inflation of 0.29% in February
Costa Rica
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Costa Rica
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Costa Rica registers inflation of 0.29% in February

AFP and The Tico Times - March 6, 2020

Costa Rica recorded an inflation of 0.29% in February, higher than the 0.11% figure in January. Still, the accumulated total over the last 12 months remained below…

Facing investigation, Costa Rica’s Minister of the Presidency resigns after just seven months
Costa Rica
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Costa Rica
3181 views

Facing investigation, Costa Rica’s Minister of the Presidency resigns after just seven months

AFP and The Tico Times - March 4, 2020

Costa Rica's Minister of the Presidency, Víctor Morales, resigned from the position on Wednesday after just seven months on the job. Morales's resignation comes as he and…

Costa Rica to take decarbonization steps this week
Costa Rica
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Costa Rica
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Costa Rica to take decarbonization steps this week

The Tico Times - February 24, 2020

Under the direction of the Environment and Energy Ministry (MINAE), Costa Rica this week will take steps toward achieving its goal of decarbonizing its economy by 2050.…

Deficit leads Moody’s to downgrade Costa Rica’s credit rating
Costa Rica
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Costa Rica
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Deficit leads Moody’s to downgrade Costa Rica’s credit rating

Alejandro Zúñiga - February 13, 2020

Moody's Investor Services, a United States-based financial company, downgraded the Government of Costa Rica's long-term bond credit ratings to B2 from B1, it announced this week in…

Facing rising deficit, Costa Rican government announces fiscal consolidation plans
Costa Rica
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Costa Rica
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Facing rising deficit, Costa Rican government announces fiscal consolidation plans

The Tico Times - February 11, 2020

Facing a fiscal deficit that reached 6.96% of GDP in 2019, the country's highest figure in decades, the Costa Rican government on Monday announced a plan that…