Delays on the approval of fiscal reforms prompted Fitch Ratings to downgrade Costa Rica's Long-Term currency bonds earlier this month and ratings for six banks, including four state-owned banks.
Business chambers, citizens and lawmakers asked the Supreme Court to overturn a ruling allowing RECOPE to include costs of non-salary perks in fuel prices.
The Public Services Regulatory Authority (ARESEP) approved an increase in electricity rates which, while only half the percentage increase requested by Costa Rica's National Power and Light Company (CNFL), is still a huge jump.
Casa Presidencial presented the plan Monday with a proposal to lower interest rates 2 percent and spark GDP growth to 4 percent by the end of next year.
