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 its history in 2001.
Costa Rica closed 2018 with a fiscal deficit of 6 percent of its GDP, below the 7.2 percent that had been projected by the Central Bank, President Carlos Alvarado said Monday.
Costa Rica and China signed a cooperation agreement on Monday in the context of the Silk Road Economic Belt, an initiative of Beijing that aims to encourage trade and investment.
The selling price of the dollar at the country’s banks on Thursday fell ₡4 from ₡598.49 to ₡594.47. The average purchase price closed at ₡581.71.
