In an operation to cover state budgetary needs, including the refinancing of public debt, Costa Rica on Tuesday placed $1.5 billion in Eurobonds in the international market,…
The Development Bank of Latin America (CAF) on Friday granted a $500 million credit to Costa Rica to support the country’s fiscal sustainability efforts. The 18-year term…
On Thursday, President Carlos Alvarado defended his plans to tackle Costa Rica's fiscal deficit -- which he called one of the country's main problems -- and announced…
The Central Bank of Costa Rica (BCCR) warned Monday that the economy will face a growing public deficit and stunted growth if Congress doesn’t pass tax reform.…
The Costa Rican government’s struggle to launch fiscal reform to deal with its large and growing budget deficit brings into sharp focus the ongoing governance problems faced…
WASHINGTON, D.C. – Costa Rica’s top diplomat in Washington and the World Bank’s top regional official agree on just about everything: President Luis Guillermo Solís – in…
Costa Rica’s former two-term President Óscar Arias Sánchez (1986-1990 and 2006-2010) hasn’t even waited a full year before twice publicly criticizing the new administration of Luis Guillermo…
President Luis Guillermo Solís on Monday said he would dismiss any minister or public agency president who squanders funds allocated by the country's national budget for 2015, currently under discussion in the Legislative…
Last week, some 350 people attended an economic forum at Costa Rica’s Hotel Barceló San José Palacio hosted by the business magazine Summa. The forum, titled “Costa…
Representatives of the Costa Rican Restaurants Chamber (CACORE) warned this week that restaurant owners could face liquidity problems from a 2 percent charge that banks will assess on all dining payments made with credit and debit…
