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Costa Rica’s struggle with fiscal reform highlights its governance problems
Business
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Business
2982 views

Costa Rica’s struggle with fiscal reform highlights its governance problems

John McPhaul - August 13, 2015

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…

World Bank official: Costa Rica faces some painful choices in 2015
Business
2229 views
Business
2229 views

World Bank official: Costa Rica faces some painful choices in 2015

Larry Luxner - December 11, 2014

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 ex-President Óscar Arias says the country is on the wrong path
Business
2149 views
Business
2149 views

Costa Rica’s ex-President Óscar Arias says the country is on the wrong path

Fabiola Pomareda - November 26, 2014

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…

Costa Rican president promises to fire any top official who ‘misspends’ public funds
Newsletter
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Newsletter
1532 views

Costa Rican president promises to fire any top official who ‘misspends’ public funds

L. Arias - November 24, 2014

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…

Business leaders, industrialists worried about Costa Rica’s ‘political problem’
Business
3253 views
Business
3253 views

Business leaders, industrialists worried about Costa Rica’s ‘political problem’

Fabiola Pomareda - November 11, 2014

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…

Restaurant owners say 2 percent bank charge on credit, debit transactions could cause problems
Business
1523 views
Business
1523 views

Restaurant owners say 2 percent bank charge on credit, debit transactions could cause problems

L. Arias - October 9, 2014

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…

Hitler reference stirs up Legislative Assembly session
Foot-in-mouth disease
1492 views
Foot-in-mouth disease
1492 views

Hitler reference stirs up Legislative Assembly session

L. Arias - October 2, 2014

Lawmaker Ottón Solís, the founder of the ruling Citizen Action Party (PAC), on Wednesday evening apologized to former President Óscar Arias for a remark he made referencing Adolf…

Stick to peace planning, says PAC founder of ex-President Arias’ plan to reduce Costa Rica’s fiscal deficit
Business
1555 views
Business
1555 views

Stick to peace planning, says PAC founder of ex-President Arias’ plan to reduce Costa Rica’s fiscal deficit

Fabiola Pomareda - September 30, 2014

Costa Rica’s former two-term President Óscar Arias on Tuesday announced a proposal to reduce the country’s fiscal deficit that included a mix of both direct and indirect…

Moody’s downgrades Costa Rica’s credit rating
Business
1764 views
Business
1764 views

Moody’s downgrades Costa Rica’s credit rating

Zach Dyer - September 17, 2014

The ratings agency Moody Investors Services downgraded Costa Rica’s government bond rating to Ba1 from Baa3 with a stable outlook Tuesday. The decision came weeks after President…

Finance Ministry submits bill to improve tax collection, reduce evasion
Business
1499 views
Business
1499 views

Finance Ministry submits bill to improve tax collection, reduce evasion

L. Arias - August 1, 2014

Finance Ministry officials on Thursday presented lawmakers a bill proposing a number of amendments to existing tax legislation to combat evasion and improve efficiency in collection. The bill sent…

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