In Costa Rica there's concern that banks may lower their standards to offer credit

Issuing credit in the private sector usually has a positive effect on the economy, but when too many loans are granted, it risks affecting the financial system and the economy by causing inflationary pressures.

Monday, April 21, 2008

That's the opinion of Oscar Rodríguez, general superintendent of financial institutions. Rodríguez made the remarks in an interview about the current situation of bank credit portfolios, the growth in the number of loans, and their effect on the financial system and the economy.
Rodríguez said that although the banks are generally in good financial health at present, he is considering measures to force banks to strengthen their balance sheets in order to prevent future problems.

More on this topic

Costa Rica: State of the Union XVII

November 2011

"The country has entered a new and more dangerous phase, a clear erosion of some of the most precious historical advantages of human development."

Synopsis of the Seventeenth Report of the Nation on Sustainable Human Development:

When examined closely, 2010, a year without dramatic events, seemingly calm, reveals the seriousness of the problems experienced by human development in Costa Rica.

Costa Rica's Economy to January 2011

January 2011

Stock Market company, Aldesa, published its “Economic Situation in Costa Rica”.

Monthly Economic Activity Index
The most recent estimate in the Monthly Index of Economic Activity (MIEA) for the month of October shows an average variation of 4.7%, reflecting a significant weakening of the manufacturing sector which in turn is offset by the improved performance of sectors such as agriculture , trade and transport.

Central American Economy in First 6 Months of 2010

July 2010

Monthly Index of Economic Activity (IMAE), exports, remittances, international reserves, exchange rates, inflation, tax collection, banking system, foreign investment, tourism and outlooks.

Oscar E. Mendizábal, editor of the Blog “Desde Guate” (From Guatemala), gathers and analyses the main factors influencing the Central American economy (except Panama) during the first six months of this year.

Costa Rica's colón 'at realistic level'

April 2008

The Costa Rican colón may have appreciated in value, but the nation's exports remain competitive, says the IMF.

A Fund report indicates that the colón's exchange rate is close to its real level, as measured by export performance.
Terms of trade remain favorable and are expected to remain consistent with the advance of the economy, according to the report.

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