Saturday 19 June 2021
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Tag: Central Bank of Costa Rica

New step against evasion? The Treasury will have a closer look at taxpayers

QCOSTARICA -  Taxpayer movements with the Treasury will have more controls as of December 1, with the addition of the 13-digit code known as Cabys. As of December 1, taxpayers are required to add the Implementación Catálogo de bienes y servicios (CABYS) to their economic...

IMF: Costa Rican Economy Still Underdeveloped

After the slowdown in growth between 2017 and early 2019, the Costa Rica economy has recovered since mid-2019, as a result of a rebound in services, agriculture, and manufacturing, which produced an estimated 2.1% growth in 2019, reported the International Monetary Fund (IMF). "Growth remains...

Slight Improvement in Economic Activity in Costa Rica

After registering a 1.3% year-on-year variation in June, the Indice Mensual de Actividad Economica (IMAE) - Monthly Economic Activity Index - in July reached 1.5%, which is mainly explained by the performance of the special regimes manufacturing sector. After the first seven months of the...

“It’s one of slowdown, not a recession,” says Central Bank President

We are not in a recession and a contraction of the economy is not expected either, was the message on Monday by Rodrigo Cubero, president of the Banco Central de Costa Rica (BCCR) - Central Bank, when presenting the updated macroeconomic forecasts for 2019...

Costa Rica Effective Dollar Rate Goes Up

The effective rate in dollars went up to 2.13% from 2.01% last week, while the passive basic rate in colones dropped to 5.75% after remaining at 5.80% for two consecutive weeks. The Banco Central de Costa Rica (BCCR) - Central Bank of Costa Rica -...


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