Sunday 7 March 2021
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Central Bank projects more moderate economic decline than expected

QCOSTARICA - The Banco Central de Costa Rica (BCCR) - Central Bank - projected that the fall in the economy in 2020 will be slightly less than expected last July. The most recent Monetary Policy Report (Informe de Política Monetaria in Spanish) published this Saturday,...

Central Bank lowers the minimum legal reserve to stimulate economy

The Banco Central de Costa Rica (BCCR) - Central Bank - announced on Monday a reduction in the legal minimum reserve for banks in order to stimulate the loans in colones in the country. The decision will reduce from 15% to 12% the percentage that...

Cocaine Consumption On the Rise? Think Again

Colombia's coca cultivation boom is not only being blamed for increased cocaine consumption in the United States, it is also being held responsible for an alleged growth in local demand in Colombia. But the evidence doesn't stack up. And these unsubstantiated notions are being...

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