August 1, 2019 |
Months after passing a hard-fought fiscal reform package, Costa Rica is looking to return to the international debt markets.
The administration of President Carlos Alvarado is hoping the measures have calmed investors’ worries about the country’s fiscal health. The reform included long-delayed tax hikes and spending caps as the government looks to reinvigorate economic growth, which slowed to a five year low in 2018.
Even though the reform measures are still be implemented, many question if they will go far enough to ease the country’s burdensome debt levels. Economists and investors would like to see further action. Even the International Monetary Fund, which welcomed the reform package,
Rocío Aguilar discusses the challenges of economic reform in interview with LatinFinance