The health unions made a strike call for July 4th, in downtown San José. UNDECA, BUSSCO and Sinae-Afines unions will demonstrate against the economic measures promoted by the government and the legislators in the matter of taxes. In addition, they ask for the dismissal of the Minister of Finance, Rocío Aguilar. The movement has been […]
Costa Rica News, Summarized in English and Linked to the Source
Moody’s analyst: Eurobonds are not the definitive solution
National legislators approved in the first reading Eurobonds for $1.5 billion; however, Moody’s believes this will not be the definitive solution to the financial problem in Cosa Rica. It is good that the government seeks other sources of financing, but they are not the total solution to the problem of public finances in Costa Rica, […]
There are 140 cases of Hepatitis A in Alajuela
The Ministry of Health reported 140 cases of Hepatitis A in Alajuela. In June alone, there were 43 patients diagnosed. Hepatitis A is a viral disease that is transmitted from one person to another by fecal-oral route, and in some cases, as in children under six years old, it is usual for the infection to […]
IDB approves credit to Costa Rica for $350 million
The Inter-American Development Bank (IDB) approved a $350 million loan that Costa Rica had requested to support the country’s fiscal sustainability. The resources will be used to support the country in the implementation of its tax reform program, aimed at improving efficiency in public expenditure management (employment and administrative reform), the effectiveness of the macro-fiscal […]
Payments to the FLAR and less deposits from the Treasury lower reserves
Payments and interest on the $1 billion loan that the Central Bank took with the Latin American Reserve Fund (FLAR), as well as fewer deposits from the Ministry of Finance, caused a decrease in international reserves of the country in June. The balance of net reserves in June amounted to $7.68 billion, almost 13% of […]
Congress approves moratorium of three months on VAT-related fines
On Tuesday, the Legislative Assembly approved a bill to prevent the Ministry of Finance from applying sanctions for three months for the collection of the Value Added Tax (VAT), in force from the previous Monday. The initiative -promoted by Pablo Heriberto Abarca, from the Christian Social Unity Party (PUSC)- seeks to freeze the collection of […]