Fitch Ratings is warning that political fragmentation faced by the new government makes correcting the fiscal problem affecting the country very difficult.
The rating agency also highlighted as an issue the fact that "it is not yet fully clear how President-elect Solis will address the fiscal problem."
"The fiscal deterioration involves challenges in stabilizing the budgetary burden and the ability of authorities to respond to external shocks that may come in the future, which could erode the business climate and consumer confidence."
The President elected with 80% of the votes in the second round, historian and professor Luis Guillermo Solis will have to clear up as soon as possible the uncertainty surrounding the practical line of his government.
Editorial
When it is not essential, as it apparently is, to say in every place what the voters from each district want to hear, the President-elect Luis Guillermo Solís will have to make concrete decisions, and implement them:
Lack of clear leadership, internal chaos in the main political parties and parliamentary fragmentation are threatening Costa Rica's business climate.
Contradictory statements over the legal certainty of the project for a mega container port in Moin ($1 billion), made by the very probable next president of Costa Rica, Luis Guillermo Solis, and the founder of his party (Citizen Action) and deputy chief of the legislative group, Otton Solis have generated understandable alarm in the business community.
The Presidential candidate Luis Guillermo Solis has promised to respect the contract with the Dutch company APM for the construction of a new container dock at Moin.
The likely winner of the presidential election has backtracked on his campaign ads which stated he would "review the ports concession contracts."
During a meeting with members of the Costa Rican Coalition for Development Initiatives (Cinde), Luis Guillermo Solís, presidential candidate of the Citizen Action Party (PAC), said that a new government would respect the contract that was signed two years ago with the Dutch firm APM Terminals to build a new container dock in Moin, Limón, with an investment of $1 billion.
The presidential candidate Luis Guillermo Solis announced he will strengthen intraregional trade if he wins on April 6th.
In a meeting with representatives from the Costa Rican Chamber of Food Industry (Cacia), Luis Guillermo Solís, presidential candidate of the Citizen Action Party, said that a new government would strengthen trade with Central America and the Caribbean.
The center-right presidential candidate in Costa Rica says he would mantain the extension on the liberation of rice prices.
The presidential candidate of the Citizen Action Party, Luis Guillermo Solis said that a new government would keep the six month extension that has been ordered on the liberation of the price of rice.
"... The Executive deferred the measure until 1 March 2015 after talking with the sector.
While the outgoing administration rushes through entry to the Pacific Alliance, one of the two possible next presidents is opposed to new treaties.
In a meeting with the Chamber of Exporters, Luis Guillermo Solís, presidential candidate of the Citizen Action Party, said that if he wins the Presidency of the Republic in April, he will slow the signing and negotiation of new FTAs.
The center-left candidate, Luis Guillermo Solís, would review the conditions to join the block if he wins on April 6th.
The presidential candidate of the Partido Acción Ciudadana, Luis Guillermo Solís, agrees with the industrial sector on the process of tariff reduction that Costa Rica would have to make in order to join the Pacific Alliance involves risks that should be considered carefully.
In a speech given to business leaders the presidential candidate Luis Guillermo Solis delivered a message of reassurance about economic development policies.
The presidential candidate for the Citizen Action Party met with a union of private companies in Costa Rica in order to send a message of peace and openness, should he obtain the votes needed in the April 6th election to assume the presidency.
In scenarios where no candidate managed to win a direct election, the results of the first round confirmed the trends of voters to the left in both countries.
In a second round on March 9th in El Salvador and on April 6th in Costa Rica the next presidents of both nations will be chosen, after two elections ended with no candidate receiving the required majority to be declared president.
With the exception of the left wing party, most of the presidential candidates propose maintaining or strengthening the insurance market.
Strengthening, maintaining the legislation as it is and enhancing control over the market are the proposals of the candidates of the parties Unidad Social Cristina, Liberación Nacional and Movimiento Libertario, respectively .
Entrepreneurs and ALL presidential candidates agree on the need to eliminate privileges and unfair wage abuses in the public sector.
"On this point the five candidates that top the polls agreed during a debate organized by the Costa Rican Union of Chambers and Associations of Private Business Sector (UCCAEP)," reported an article in Ameliarueda.com.