Costa Rica | A matter of time: Interview with president Laura Chinchilla

Mar 1, 2013

As Costa Rica’s president Laura Chinchilla enters her final year in office, she talks to LatinFinance about her remaining ambitions – and her legacy

Laura Chinchilla’s fiscally conservative administration has built on the country’s strengths of security, stability and an open economy. Foreign investment has soared to record levels and, under her watch, the country has made a well-timed return to the international bond markets.

Now Chinchilla, who has continued broadly with the policies of her predecessor, Óscar Arias, is seeking to revamp the country’s infrastructure – long a source of frustration for local businesses, and especially so now as the country attempts to build a more sophisticated economy.

But for the longer-term, much depends on the government’s ability to increase tax revenues, a goal that has so far proved elusive amid stiff popular resistance.

Meanwhile, the ruling National Liberation Party has not been having all its own way. Chinchilla’s left-leaning party won less than half of the 57 seats in the parliament. Its closest rival, the Citizens’ Action Party, won...

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