On Wednesday night, the Board of Directors of the Central Bank of Costa Rica (BCCR), agreed to reduce the Monetary Policy Rate (MPR) by 50 basis points to remain at 3.25% per year, from October 31st, 2019. This was reported by the press department of the BCCR. Additionally, the gross interest rate of one-day deposits […]
Archives for October 2019
National Geographic publishes spectacular photo taken in Costa Rica
National Geographic published in its official Instagram account an image featuring a margay cat on the Osa Peninsula. The image was taken by Charlie Hamilton. With the support of Nat Geo Society / Wyss Campaign for Nature committed to protecting 30% of the planet by 2030. A margay cat triggers a camera trap as it […]
Rodrigo Chaves is the new finance minister
Government authorities confirmed on Wednesday that Rodrigo Chaves, country director of the World Bank of Indonesia, will take office as Minister of Finance after Rocío Aguilar. Chaves has a broad career in the international organization, where he previously served as Director of the Department of Poverty Reduction and Economic Management, Latin America and the Caribbean […]
Costa Rica rejects possibility of hosting COP25
Costa Rica stands out as the possible host of COP25, after the Chilean government announced that it will not hold the summit due to the turbulent situation in that country. After hearing the news, the Ministry of Environment and Energy (MINAE) said that the organization of a conference of this level, has a long logistic […]
Project against plastic pollution does not convince the government
The bill passed Monday by legislators to fight plastic pollution in the country does not satisfy the government. On Tuesday, the Minister of the Presidency, Víctor Morales Mora, admitted that the Executive Branch would have preferred a “more robust” legislation than the one passed in the first debate by 44 legislators on Monday. In terms […]
Government ignores warnings from Moody’s
The government plans to extend the benefits of rescue credit plans for non-salaried people, those who are working on informality or on their own. This was announced on Tuesday by the Minister of Planning, Pilar Garrido, in a transmission from the Facebook Live platform from the official account of the president, Carlos Alvarado. The transmission, […]