American Expatriate Costa Rica

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, announced since Monday, was intended to defend the government’s plan amid doubts and criticism and at the same time clarify citizens’ doubts.

According to Garrido, the plan that the government presented on October 11th for the banks to consolidate the debts of the most indebted Costa Ricans is a first phase. The second phase, she said, will be presented later. Of course, according to Garrido, they already have identified around 1,175,000 people who are self-employed and who could benefit from the measure.

The Minister also said that there will be measures to benefit the agricultural and tourism productive sector.

crhoy.com