Thursday 16 September 2021

Chinchilla: No Reason Credit Constraints Should Hurt Families

Paying the bills

Latest

MOPT eliminates driver re-education for points accumulated in license for violating vehicle restriction

QCOSTARICA - Drivers who were sanctioned for violating the...

Costa Rica celebrated its 200th!

QCOSTARICA  - The 200 years of the Independence of...

Legislator Melvin Núñez, who rejected the vaccine, hospitalized

QCOSTARICA - Restauración Nacional party legislator, Melvin Núñez, who...

Electronic payment in tolls on Ruta 1 will not be automatic

QCOSTARICA - Electronic payment in toll stations located in...

Half of tax collected in marchamos and fuels would not reach roads

QCOSTARICA - It is reasonable to believe the major...

Today’s Vehicle Restriction September 16: Plates ending in “7 & 8” CANNOT circulate

QCOSTARICA - For today, Thursday, September 16, vehicles with...
Paying the bills

Share

Doña Laura making her public appearance at the start of the 2013 school year, handing out school supplies to students,
Doña Laura making her public appearance at the start of the 2013 school year, handing out school supplies to students,

Costa Rica’s presidenta Laura Chinchilla said on Thursday that there is no reason why the credit restrictions measures adopted by her government would hurt families and businesses.

The Presidenta made the remarks during the presentation of 1.500 kits to students at the Escuela República de Haití. Chinchilla argued that the credit constraints remain at “reasonable levels” and criticized thosw who oppose the regulations, the same as those who in the past opposed the tax plan and dollar exchange bands.

- Advertisement -

Chinchilla said that the limits for loans in colones “remain about the same” and a “relatively small decliine” for dollar loans.

The restrictions are a warning by the Central Bank to be cautious and not take out loans in dollars, according to Presidenta’s explanation of the current financial policy.

In the last couple of days, financial experts, that include bak managers, criticized publicly the government’s restrictions on credit saying it will negatively affect production and jobs.  See story.

Some experts are saying that current credit policy could lead to layoffs in the private sector.

- Advertisement -
Paying the bills
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

[BLOG] Costa Rican Electric Company – General Maintenance Procedures

During my fifteen plus years of living in Costa Rica, I...

Heliport, Money and Weapons in Costa Rica

Following reports by residents of Las Asturias de Pococí about flyovers...

Subscribe to our stories

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

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.