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Economy / Costa Rica

COSTA RICA

October 2011 | Ratings Update

A poll conducted by Unimer for the local daily La Nación revealed that the government's first priority should be addressing the financial difficulties of the country's social security fund, or Caja Costarricense de Seguro Social (CCSS), according to 48% of those surveyed. The fund, which manages public hospitals and clinics, has come under increased financial stress in recent months and is projected to end the year with a deficit of CRC92bn (US$180mn) in health insurance payments, absent of some form of government intervention. In our view, the fund's crisis could weaken the government's ability to consolidate public spending, which could

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