Costa Rica

BMI View: Government plans to inject liquidity into the local financial sector are unlikely to prevent a serious downturn in domestic lending growth, as eroding consumer and business... 2008-11-19

Chinese President Hu Jingtao has heralded the advantages of closer economic ties between the east Asian giant and Costa Rica on a recent trip to Central America and the Caribbean.... 2008-11-18

BMI View: Due to increased pressure on the Banco central de Costa Rica to intervene in the forex market to prop up the Costa Rican colon, we have revised our foreign reserve forecasts... 2008-10-31

Political gamesmanship has already got underway in Costa Rica ahead of the presidential election in 2010. The leader of the main opposition Partido Acción Ciudadana (PAC), Ottón... 2008-10-31

Costa Rica's Finance Minster Guillermo Zúñiga has expressed a desire to run for the country's presidency in 2010. Zúñiga enjoys the support of Partido Liberación Nacional (PLN)... 2008-09-30

BMI View: Costa Rica's bid to secure membership of the DR-CAFTA agreement with the US suffered yet another setback in September, meaning that a final resolution by the October 1 deadline... 2008-09-22

Costa Rica's trade balance took a battering in the first seven months of 2008. According to central bank data, the deficit widened by 96.6% y-o-y between January and July to US$3.3bn,... 2008-09-05

BMI View: Costa Rica is falling into a stagflationary trap. Rapid monetary supply growth - coupled with deeply negative real interest rates - has stoked non-tradable inflation, and... 2008-08-20

Costa Rica's Housing Minister, Fernando Zumbado, announced that he was temporarily leaving his post in July amid an ongoing investigation into the alleged misuse of ministry funds.... 2008-07-30

BMI View: Worsening terms of trade, falling confidence in the local economic outlook, an FDI contraction (by 28% y-o-y in Q108 to US$441.7mn), and central bank intervention continue... 2008-07-30