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…
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…
Costa Rica’s fiscal deficit and other structural concerns weigh heavily on the country’s business confidence, dropping to its lowest level in the last two years, according to…
Finance Minister Edgar Ayales announced Wednesday that Costa Rica’s deficit reached 5.4 percent of gross domestic product at the end of 2013, 1 percent higher than during…
