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Economy / Costa Rica

Sugar Exports Set To Bounce

July 2010 | Ratings Update

Costa Rica remains in the tier-two category of the US State Department's Trafficking In Persons Report for 2010, yet is placed above neighbours Nicaragua and Panama, which are grouped in the tier two watch list ranking. If the country is to achieve tier one status and join Colombia (the only Latin American country in the highest group) we believe it will need to make a clear attempt on legislative reforms that comply with the UN's anti-trafficking standards. Any consequent effort to improve Costa Rica's rule of law would bode well for the country's 'characteristics of society' subsection of our proprietary long-term political risk rating.

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