Fixing finances would boost Costa Rica economy

Costa Rica would see benefits of some $1 billion if the government fixes the current fiscal issues, Costa Rican daily La República reported.

Global institutions such as the International Monetary Fund and the World Bank would be willing to authorize loans of up to $800 million with interest rates of about 2 percent, on the condition the country's finances are put in order.

As a recommendation, the International Monetary Fund told the government to use a combination of cuts and improve tax collection.

Full story (in Spanish)