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President Alvarado defends lifting bank secrecy, that “it does not affect honest people”

President Carlos Alvarado said earlier this week that lifting bank secrecy should not be a concern for honest people or for any business person or investor, nor should it be an excuse to defend "things that affect the country." “The lifting of bank secrecy does...

Who is affected by the lifting of bank secrecy?

The decision of the Ministry of Finance to once again discuss the lifting of bank secrecy (banking privacy) once again raised voices of support and rejection among the different sectors. The Government is promoting the measure as part of its proposals to reduce the growing...

Bankers Oppose Lifting of Bank Secrecy

The Costa Rican Banking Association expressed its opposition to the proposal of the Minister of Finance, Rodrigo Chaves, to lift bank secrecy as one of the measures to reduce tax evasion. Chaves made the proposal, on Monday, February 10, before legislators, as one of the...

Minister of Finance: ‘The Mortgage Is Killing Us’

In an interview with La Nación, the Minister of Finance (Ministro de Hacienda), Rodrigo Chaves, answers why his diagnosis of public debt differs from that projected by the Central Bank and explains the handling of Eurobonds money. In addition, he defends the need to borrow...

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