The intention would be to overcome the paralysis of $320 million from the Development Banking System of Costa Rica by giving over its management to the central bank.
The fund consists of 17% of current accounts of commercial banks in Costa Rica, known as the "bank toll" amounting to $320 million which is supposed to be used to grant loans to micro-entrepreneurs, within the Development Banking System.
The Costa Rican Legislative Assembly is to review a proposed law that “will protect the purchasing power of Costa Rican salaries and pensions”.
An opposition congresswoman from the ML political party submitted the proposal, which would “dollarize” the Costa Rican economy and take away some responsibilities from the Costa Rican central bank, such as that of regulating monetary policy.
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