Saturday 9 December 2023

Carlos Alvarado: ‘Yes, we are going to go to the IMF’

The president maintains that an agreement with the IMF will get Costa Rica out of the current economic crisis

Paying the bills

Latest

The Casino Games With the Best Odds

Casino gambling on iGaming sites like mrbet or in...

Former Panamanian presidential candidate connected to a money laundering investigation arrested in Costa Rica

QCOSTARICA -- Costa Rican police on Tuesday arrested Panamanian...

Bailey Bridge will ease traffic congestion in front of San Jose airport

QCOSTARICA -- On Friday (tomorrow) traffic will be enabled...

Half of Ticos will vote in municipal elections, UNA survey

QCOSTARICA -- 46.3% of voters are 100% convinced that...

Fidel’s Sister and Outspoken Critic, Juanita Castro, Dies in Miami

Q24N - Juanita Castro, the younger sister of Fidel...

Exploring the potential of AI in sports betting

Sports betting is a popular and exciting activity that...

Dollar Exchange

¢526.96 BUY

¢533.11 SELL

9 December 2023 - At The Banks - Source: BCCR

Paying the bills

Share

QCOSTARICA – Can Costa Rica come out from the current economic crisis without the help of the International Monetary Fund (IMF)?

President Carlos Alvarado speaking with Armando González, director of La Nación, for more than an hour about those and other decisive issues for the country, amid a climate of uncertainty topped by the pandemic. See the interview (in Spanish) here.

President Carlos Alvarado doesn’t think so.

“Yes, we are going to go to the International Monetary Fund,” said the Alvarado, adding that it was first necessary to dispel the ‘ideological hubbub’ that the CCSS or the AyA will be privatized, or that thousands of people will be fired.

- Advertisement -

In an interview with La Nación, the President affirms that he instructed his team not to refer to the issue of negotiations with the IMF during the dialogue with sectors. He admitted responsibility for the confusion that this instruction may have generated, but confirms that the country move ahead to negotiate a deal with the IMF.

He maintains that an agreement with the IMF will make the fiscal solution cheaper for Costa Rica.

In the interview, he expressed support for his Minister of Finance, Elian Villegas, saying “Elian, who is doing a great job; for example, the profile of our debt is improving”.

On the minister’s evading questions the last sveral days, Alvarado said, “He was very disciplined with an instruction that I gave to my entire team, to say we are not going to refer to the subject in substance during the processes that are linked to dialogue.”

If you will recall, for three weeks starting September 30, the country was subjected to protests and blockades, some events turning violent, against the multi billion dollar loan agreement with the IMF.

By the middle of October, the government backed down and called the different sectors to a series of roundtable dialogues, which has come under criticism for being nothing more to complete the proposal to be submitted to the IMF, because no government has the capacity and the interest to get us out of this crisis, only to transfer it.

- Advertisement -

The country’s legislators have classified the dialogues as a “waste of time.”

- Advertisement -
Paying the bills
Rico
Ricohttp://www.theqmedia.com
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

What happened to the pension that Carlos Alvarado said he’d give up?

Q COSTA RICA - When former president Carlos Alvarado was in...

IMF gives final approval for nearly $1 billion in financing to Costa Rica

QCOSTARICA - The International Monetary Fund (IMF) gave final board approval...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

%d