American Expatriate Costa Rica

English-language news and information on Costa Rica

  • Home
  • Original Articles
  • News Reports
  • Book Reviews

Banco Central applies international finances standards

May 11, 2016 by Staff News Writer

The BCR is now the second monetary authority in Latin America to implement International Finances Information Standards, with the intention of presenting information with the best international practices, standards and transparency, making analysis and decision-making much easier for banking institutions.

Before the BCR, in Latin America only Brazil managed to meet the requirements to implement these standards, which involved operative, technological, procedural and coordinative changes in all internal information suppliers.

The idea of implementing these standards is to have better comparability between financial states, regardless of the country or origin, which will be very useful for external users of financial states, such as the International Monetary Fund and the World Bank, among others.

crhoy.com

Related articles:

  1. Costa Rica leads online shopping in Central America
  2. Costa Rica has the highest fiscal deficit in Central America
  3. Banco Central denies falsification of ¢1,000 bills
  4. Banco Central de Costa Rica forecasts higher interest rates
  5. President Solis’ double standards
  6. Ana Helena Chacón applies for position at the UN

Filed Under: News Reports

SIGN UP FOR AMERICAN EXPATRIATE IN COSTA RICA

It's free, we respect your privacy and you can unsubscribe at any time.

Connect with Social Media

  • Email
  • Facebook
  • RSS
  • Twitter
Follow @expatcostarica

Search Articles and News Reports

Articles by Publication Date

March 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Apr    

News Summary

U.S. President Orders Navy Task Force to Caribbean to Counter Venezuela Threat

Costa Rica Government Silent on Travel Ban with Just 13 Days Left

News Summary

Legislators approve moratorium for registration of shareholders

President confirms gasoline give away for ethanol pilot project

Chinese company sells low cost smart phones in Costa Rica

Search continues for small plane missing in Drake

Farmers will march to the Ministry of Agriculture

IMN warns of dangerous UV radiation this Friday

Copyright © 2010 to 2023 · Link to Legal Notices and Privacy Policy