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OECD urges Costa Rica to maintain fiscal discipline in recovery after pandemic
Costa Rica
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Costa Rica
1098 views

OECD urges Costa Rica to maintain fiscal discipline in recovery after pandemic

AFP and The Tico Times - July 16, 2020

The Organization for Economic Cooperation and Development (OECD) on Wednesday urged Costa Rica to maintain rigorous fiscal discipline as seeks economic recovery once it overcomes the COVID-19…

Latin America could reach 215 million impoverished people, ECLAC warns
Costa Rica
1442 views
Costa Rica
1442 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
1492 views
Costa Rica
1492 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
1383 views
Costa Rica
1383 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 to become first Central American country in the OECD
Costa Rica
1130 views
Costa Rica
1130 views

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…

Costa Rica announces productive credits and infrastructure investments to revive economy
Business
5136 views
Business
5136 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,…

Deficit leads Moody’s to downgrade Costa Rica’s credit rating
Costa Rica
1260 views
Costa Rica
1260 views

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…

Five keys to Argentina’s economic crisis
Argentina
1681 views
Argentina
1681 views

Five keys to Argentina’s economic crisis

AFP - December 27, 2019

South America's third biggest economy is in "virtual default," according to Argentina's President Alberto Fernandez, who claims it is suffering a similar crisis to the worst of…

Government will present plan hoping to spark Costa Rica’s economic growth
Costa Rica
1935 views
Costa Rica
1935 views

Government will present plan hoping to spark Costa Rica’s economic growth

Alejandro Zúñiga - September 2, 2019

President Carlos Alvarado has said that addressing Costa Rica's economy is among his administration's biggest challenges. Now, President Alvarado will be getting into specifics. Over the coming…

Costa Rica’s upbeat economic projections may not be enough to lower unemployment rate
Business
2936 views
Business
2936 views

Costa Rica’s upbeat economic projections may not be enough to lower unemployment rate

The Tico Times - January 12, 2016

The Costa Rican Central Bank (BCCR) and Casa Presidencial both released upbeat economic forecasts for the coming years with predictions of continued low inflation, exchange rate stability…