Future Monetary and Exchange Policies of Costa Rica

Analysis of the main weaknesses of the proposals from the main presidential candidates in the 2010 elections.

Monday, June 29, 2009

Playing the “devil’s advocate,” analyst Edgar Delgado set out to review the proposals of the Costa Rican presidential candidates, trying to find potential weaknesses in each proposal.

Proposals from Rafael Angel Calderón (PUSC), Laura Chinchilla (PLN), Ottón Solís (PAC), and Otto Guevara (Movimiento Libertario) were reviewed.

More on this topic

Costa Rica: Proposal to Tax Remittances Sent Abroad

January 2013

Representatives of business associations have proposed ten measures to prevent the entry of speculative capital into the country and to provide flexibility to the exchange rate without local currency appreciating.

Elfinancierocr.com reports that "Business representatives this afternoon delivered a plan with 10 steps to curb the heavy influx of foreign capital", among which was "a tax on speculative capital inflows, in addition to promoting a specific tax on remittances sent abroad, of 5% for national banks and 5% for ‘suitcase’ banks".

Costa Rica Ready for Sunday’s Elections

February 2010

Despite polls showing a likely victory for Laura Chinchilla, the country has a history of election day surprises.

An article in Tico Times analyzes the political situation of the country, in light of the presidential elections of Sunday, February 7th.

“If recent history has thought as anything, is that there is now way to predict who will win until all votes are counted”.

Results of the Elections in Costa Rica

February 2010

Laura Chinchilla, from “Liberación Nacional”, the party in power, was elected as president for the 2010-2014 term.

Chinchilla obtained 46.8% of the casted votes, followed by Ottón Solís with 25.1%. However, Costa Ricans didn’t favored Chinchilla so much in the Legislative Assembly, as her party obtained 23 seats out of a total 57.

Female Candidate Leads in Voting Polls

December 2009

Laura Chinchilla, from the ruling government party, is the clear favorite to win the upcoming presidential elections in Costa Rica.

According to a CID-Gallup poll, Chinchilla, from the "Liberación Nacional" Party (PLN), would earn 45% of the votes, making her the outright winner in the presidential elections of February 2010.

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