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Costa Rica struggles with public and private debts

Thursday, August 22, 2013

The public and private sectors of Costa Rica will have to change their spending habits to help ease the country's debt, Costa Rican daily La República reported.

The two sectors are ramping up debt and risking their solvency.

In Latin America, Costa Rica is only behind Venezuela in terms of deficit, and unlike the South American country, it doesn't produce oil to help pay for its debt.

Full story (in Spanish)