El Observador Newspaper

The dollar continues to fall in Costa Rica: 22 business chambers convene a press conference to discuss its impact

On Wednesday April 17, the exchange rate of the U.S. dollar reached a new low so far this year, dropping to ¢501,97. However, the Central Bank of Costa Rica continues to contend that the exchange rate is only reacting to supply and demand.

See:

https://observador.cr/dolar-sigue-bajando-en-costa-rica/

Fiscal rule will be more flexible until 2027 and would allow the spending of ¢80.000 million by the next administration

According to the Minister of Finance of Costa Rica, [in Spanish: el Ministro de Hacienda], Nogui Acosta, for the year ending 2025, the relationship between the debt of the Central Government and the Gross Domestic Product (GDP) will have fallen below 60%. Consequently, for 2027, ¢80.000 million will be additionally invested because of the lifting of the restriction on spending, which was imposed by the law in order to restructure the public finances of Costa Rica.

See:

https://observador.cr/regla-fiscal-se-flexibilizara-hasta-el-2027/

CR Hoy Newspaper

Costa Rica and the United Arab Emirates sign commercial agreement

On April 17, Costa Rica and the United Arab Emirates signed the Comprehensive Economic Association Agreement on Trade and Investment, [in Spanish: el Acuerdo Integral de Asociación Económica sobre Comercio e Inversión], which is expected to stimulate direct foreign investment and increase trade both ways. The Executive Branch must now send the agreement to the Legislative Assembly for debate and a vote.

See:

https://www.crhoy.com/economia/costa-rica-y-emiratos-arabes-unidos-firman-acuerdo-comercial/

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