Costa Rica taps World Bank heavyweight as Finance minister

Costa Rica's President Carlos Alvarado said on Wednesday that Rodrigo Chaves, who until recently was the World Bank's director in Indonesia, will become the nation's finance minister at the end of November.

Chaves, a Costa Rican national and 20-year veteran of the World Bank, will be tasked with navigating a fiscal crisis that cost the job of former finance minister Rocio Aguilar, Reuters reports.