Costa Rica's cutbacks in debt draw criticism
The plan of the Finance Ministry to issue fewer bonds and the way in which they will enter the market hasn't gone down well with private players in the financial sector.
Monday, July 14, 2008
It's a classic confrontation, with the private financial institutions wanting to see more liquidity and the government taking steps to control inflation.
Experts foresee increased interest rates, exchange rate variations, liquidity issues, domestic credit shortages and more inflation.
The passive low base rate falls for the second consecutive week, from 7.50% to 6.75%.
Costa Rica's state-owned electricity and telephone services supplier (ICE) has decided to finance its future capital expansion projects with an international debt issuance.
If we are to maintain growth and profitability in our portfolios, we should be much more aggressive in the types of instruments for investment.
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