CR Hoy Newspaper
Executive Branch signs the Free Trade Agreement with Ecuador and sends it to be published
On Wednesday June 19, the Trade Association Agreement between Costa Rica and Ecuador was signed into law. The Ministry of Foreign Trade, [in Spanish: el Ministerio de Comercio Exterior], indicated that the aforementioned agreement will provide access to a potential market of more than 17 million consumers.
See:
https://www.crhoy.com/economia/poder-ejecutivo-firmo-tlc-con-ecuador/
Trade grew 4.9% year-over-year in April, according to the Central Bank of Costa Rica
Trade activity and vehicle repair in the country grew 4.9% compared to the previous year in April, according to data from the Central Bank of Costa Rica, [in Spanish: el Banco Central de Costa Rica], (BCCR). Both activities remained in third place, regarding economic activities that contributed the most to an increase in production in April.
See:
https://www.crhoy.com/economia/comercio-crecio-49-interanualmente-en-abril/
La Nación Newspaper
Central Bank suspends monetary policy interest rate reduction
The Board of Directors of the Central Bank of Costa Rica decided to hold its monetary policy interest rate, [in Spanish: la tasa de política monetaria], (TPM), at 4.75%. As explained by the president of the Central Bank, there is a persistent upside risk that can drive inflation. Consequently, the Board of Directors decided to hold the monetary policy interest rate by using the same range which has been in place since April.
See:
https://www.nacion.com/el-banco-central-pausa-las-reducciones-en-su-tasa/
La República Newspaper
Costa Rica provides more than $500 million for tax reforms and sustainability after concluding reviews with the IMF
Costa Rica will provide close to $515 million to support economic reforms and their sustainability agenda. Subsequent to this, the Executive Board of the International Monetary Fund, (IMF), concluded the sixth and final review of the Structural Adjustment Facility, (SAF), which allows for a disbursement equivalent to approximately $272 million.
See:
https://www.larepublica.net/noticia/costa-rica-dispone-de-mas-de-500-millones/
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