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Local Currency Shortage Pushes Interest Rates Up

In Costa Rica, the government's strong need for financing and the Central Bank's exchange rate interventions have been putting pressure on the local financial market, pushing up passive rates in Colones. The decrease in liquidity in Colones generated by the pressure exerted by the government...

Costa Rica: 1.7% Inflation up to January 2019

The consumer price index did not show any major changes in January 2019, as it barely varied by 0.05% with respect to December 2018, mainly because of the Transport and Education prices. Of the 315 goods and services included in the 'canasta basica' (basic consumption...

Kudos To President Carlos And Other Ramblings

Rico's TICO BULL - Kudos to President Carlos Alvarado. I was one of the many, or few, that never believed he could do what two presidents before him could. Not even Oscar Arias. Get passed in the legislative assembly the tax reform bill. It was...

Costa Rica GDP Up 3.2% in 2017

The increase reported at the end of the fourth quarter of 2017 is mainly explained by higher spending on final household consumption and higher gross capital formation. From a report by the Central Bank of Costa Rica: In the fourth quarter of 2017, economic activity, measured...

President-elect Alvarado Faces Biggest Deficit In Three Decades

The challenge facing the next government led by President-elect Carlos Alvarado, is a Costa Rica economy facing its biggest fiscal deficit in 30 years, when more than one-third of the central government's debt is due and without many instruments to finance it, with permission...

More Warnings Over Fiscal Deficit

Standard & Poor's maintained Costa Rica's debt rating at BB, but warned that it could lower it this year if the next government (on May 8) does not take measures to resolve the fiscal problem. In its review of the long-term debt rating and...

Costa Rica Economic Activity Up 3.5%

The performance of the construction sector at the end of the year explained the acceleration registered in the country's economic activity up to December 2017. From a report by the Central Bank of Costa Rica (Banco Central de Costa Rica): The country's production of goods and...

Costa Rica Economic Activity Continues to Decline

The economic slowdown recorded in October is mainly due to the adverse weather effects from tropical storm Nate, which greatly affected construction and agricultural production, says a report by the Banco Central (BCCR) - Costa Rica's Central Bank. The trend cycle series of the Monthly...

What rural, coastal Puerto Ricans can teach us about thriving in times of crisis

Q FRONT PAGE - Puerto Ricans are searching for solutions to the island’s worst economic and social crisis in a long time. An unprecedented debt level is creating widespread uncertainty about employment and the state’s ability to provide basic services. This crisis is not going...

Costa Rica Economic Outlook Up To May

THE Q - Although the gradual process of credit dedollarization continues, the Central Bank has warned that a preference remains on the part of savers for instruments denominated in foreign currency. From a statement issued by the Central Bank of Costa Rica (Banco Central de...

IMF Mission Concludes Visit to Costa Rica

PRESS RELEASE - A Concluding Statement describes the preliminary findings of IMF staff at the end of an official staff visit (or ‘mission’), in most cases to a member country. Missions are undertaken as part of regular (usually annual) consultations under Article IV of...

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