Waive Interest Payments for ALL Tourism SMEs

A law will bring benefits for a few, paid by all, discriminating against other companies in the sector, a situation which is inequitable and distorts the rules of the market and free competition.

Thursday, May 28, 2015

EDITORIAL

In Costa Rica a bill to help tourism businesses affected by the 2008 crisis would forgive the interest on their debts with state banks, which, if approved, would be totally unfair for companies who have managed their situation better, getting over the crisis and are now up to date with their loan payments.

It would be the same as if in a marathon, help was given to those who were left behind, giving them a lift in a car for part of the race so that they could join in at the end and compete with those who had made greater efforts or simply were better runners.

If you are going to give benefits to tourism businesses, on the understanding that it is appropriate to support the development of the sector which is so beneficial to the economy, these benefits must be given to all tourism businesses, not just those who were left behind in the race of good commercial and financial management. That is if you want to have a healthy and sustainable economy and not something where entrepreneurs spend more time lobbying legislators' offices, than practicing better management of their companies.

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