El Observador Newspaper
The Central Bank intervened in the foreign exchange market in order to curb an abrupt increase in the dollar
On Friday, the Central Bank of Costa Rica intervened in the Foreign Currency Market, [in Spanish: el Mercado de Monedas Extranjeras], (Monex), as a foreign exchange dealer in order to reduce excess pressure on the exchange rate.
See:
https://observador.cr/banco-central-intervino-en-mercado-cambiario/
La República Newspaper
The dollar is far from reaching a break-even point in spite of recovering last month
Despite the exchange rate of the dollar that stopped its slide and gained value last month, the emergency for the productive sector is still not over, because ideally it should be above ¢620 approximately.
See:
https://www.larepublica.net/noticia/dolar-esta-muy-lejos-de-llegar-a-un-punto-de-equilibrio
Fiscal Modernization Project advances at a snail’s pace: Nogui Acosta will provide an explanation
The advance in the Fiscal Modernization Project barely represents 8.2% and 5.9% in the financial area. Among the main reasons for the delay are lengthy negotiations with successful bidders, schedule non-compliance, and an unstable procurement plan.
See:
https://www.larepublica.net/noticia/proyecto-hacienda-digital-avanza-a-paso-de-hormiga
CR Hoy Newspaper
Congress upholds FTA with Ecuador
Case file 24.029 was unanimously approved by 45 members of congress in the second debate, in regard to the Free Trade Agreement, (FTA), [in Spanish: el Tratado de Asociación Comercial], (TLC), between Costa Rica and Ecuador. The trade agreement seeks to create an environment for increasing bilateral investment. More than 90% of Costa Rican products were included in the agreement.
See:
https://www.crhoy.com/nacionales/congreso-deja-en-firme-tlc-con-ecuador/
La Nación Newspaper
The IMF recommends increasing coverage of earnings-related old-age, disability, and survivors scheme (IVM), instead of creating a universal basic pension
As a option for strengthening the financial sustainability of the pension system, the International Monetary Fund, IMF, [in Spanish: el Fondo Monetario Internacional], (FMI), recommended that coverage be increased in the earnings-related old-age, disability, and survivors scheme, (IVM). Moreover, it questioned the viability of the proposal of the universal basic pension, which seeks to guarantee a minimum income for all persons in their advanced years.
See:
https://www.nacion.com/economia/politica-economica/fmi-recomienda-ampliar-cobertura-del-ivm/
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