Barclays financial services company is recommending investors to keep their investments in Costa Rica “low”. According to Barclays, Aguilar’s departure could add uncertainty to the fiscal consolidation route. While (Aguilar) was in office, the government carried out the much-needed tax reform (…) In addition, she managed to present a fiscal budget for 2020 that complied […]
Archives for October 2019
Treasury receives $350 million from the IDB loan
At the end of the previous week, the Ministry of Finance received $350 million from the loan signed between the government of Costa Rica and the Inter-American Development Bank (IDB). This was reported by the Press department of the entity. These resources will support the execution of a program of policy reforms which, according to […]
Deputy Minister of Expenditure will replace Rocío Aguilar temporarily
The Deputy Minister of Expenditures of the Ministry of Finance, Rodolfo Cordero Vargas, will take over the Ministry of Finance while President Carlos Alvarado gets a replacement for former Minister Rocío Aguilar, who resigned this week. The Presidential House confirmed to CRHoy.com that the new chief was appointed by Alvarado on Thursday. Cordero Vargas has […]
CNS approved a ¢2,530 increase for the private sector
On Wednesday afternoon, the National Wage Council (CNS) approved an increase of ¢2.53% for private sector workers, which means that for every ¢100 thousand, working people should receive ¢2,530 more. In addition, the CNS also approved an additional salary increase for domestic servers of 2.339%; in other words, for every ₡ 100 thousand they will […]
Economic sector asks whoever substitutes Rocío Aguilar continues her good work she did
The resignation of Rocío Aguilar as Minister of Finance caused the reaction of different actors of the Economy. Orlando Soto, general director of Grupo Financiero Acobo, said that Aguilar’s departure from the Treasury portfolio raises doubts regarding the commitment of the Government of the Republic regarding the fiscal issue and the consent of the Legislative […]
Comptroller suspends Rocío Aguilar for a month and bans Helio Fallas for four years
The Office of the Comptroller General of the Republic (CGR) suspended the Minister of Finance, Rocío Aguilar, for a month without pay, at the end of the investigation of the administrative body that analyzed the payment of State debt without the budgetary approval of the Legislative Assembly, popularly known as a fiscal gap. The same […]