American Expatriate Costa Rica

English-language news and information on Costa Rica

  • Home
  • Original Articles
  • News Reports
  • Book Reviews

Central Bank defends Eurobonds in the midst of doubts

February 6, 2019 by Staff News Writer

In the midst of the fiscal crisis, domestic debt and high interest rates offered by domestic investors, the government asks legislators to approve the placement of bonds for $6 billion abroad. This is known as Eurobonds.

According to the government, its objective is to obtain better loan conditions than those offered in the country to face the fiscal crisis. This is because the recently approved tax reform will begin to generate really important results until the second half of 2019.

A group of legislators opposes the approval of this proposal. Instead, they offer to vote for smaller numbers like $1,500 million.

This would be the sixth time the government uses Eurobonds, the last time being in 2015.

Economist Eli Feinzaig does not see Eurobonds as the best option. He was invited to the show Enfoques where he said that while you can resort to this tool, the government should first limit spending.

The problem in Costa Rica is why we are spending so much and so badly,”

said Feinzaig.

crhoy.com

Related articles:

  1. The Central Bank estimates that the tax reform won’t be passed in 2017
  2. Central Bank: “Fiscal reform will strengthen the country’s stability”
  3. Central Bank maintains inflation target for 2019 and predicts higher growth
  4. Central Bank: Without a fiscal reform, the government debt would exceed 100% of GDP in 10 years
  5. Central Bank defends selection of Carlos Alvarado’s sister
  6. World Bank described the cuts announced by the Treasury as positive

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

June 2025
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
30  
« 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 2025 · Link to Legal Notices and Privacy Policy