After Costa Rica, with the intention of mitigating the spread of the covid-19, decreed restrictions on cargo transport units entering its territory, the Nicaraguan government ordered the closure of the Peñas Blancas border post.
Costa Rica, Panama and Nicaragua are the Central American markets which reported reductions in sales of new and used vehicles during 2018.
According to figures from the Ministry of Finance of Costa Rica, from January to November 2018 imports of new vehicles totaled 31,008 units, and used vehicles 17,134 units, registering falls of 12% and 23% respectively compared to the first eleven months of 2017.
The mania for regulatory bureaucracy which feeds its own existence is taking away flexibility in the use of resources in the economy, slowing development.
EDITORIAL
It will be impossible for Central Americans to make progress if every new business activity has to be authorized by a public official.In the region the practice is not that you can do anything that is not forbidden, but rather the general culture indicates that you can only do what the State authorizes you to do.
Electronic invoices not only reduce operational and administrative costs but also produce better competitiveness among businesses by increasing fiscal transparency in the market.
The slow pace with which the process for establishing the mandatory use of electronic invoices in Costa Rica has been carried out has prevented companies and the treasury itself, from being more efficient, in the first case in terms of controls and in the second of the collection of taxes.
The technical redefinitions that make up a successful tax reform should be based on a reformulation of the social contract which establishes national goals.
Nacion.com reports that "According to Augusto de la Torre, Chief Economist at the World Bank, the fiscal debate is more than just an economic debate, it is almost a philosophical debate about the kind of state we want to have."
In order to speed things up at Costa Rica’s main border, from November procedures must be made from companies or other customs offices.
In April, an article in nacion.com noted that, at the Peñas Blancas office, "truckers have been taking up to two days to complete the formalities and reviews and be allowed to pass over to the Nicaraguan side."
Now, the Directorate General of Customs in Costa Rica has decreed that "From November carriers passing through the customs at Peñas Blancas, on the border with Nicaragua, will complete the steps from their company offices or other customs offices located in various parts the country, because in the booths at the border it is no longer allowed. "
As unemployment rises and poverty increases, the Costa Rican Minister of Finance has declared "urgent" the payment of bonuses to central government officials.
EDITORIAL OPINION
If you are an official in the central government of Costa Rica, your bonus this December will average 15.6% higher than 2010. But if you are poor, and most likely also unemployed, the only thing that will increase is the number of your neighbors in the same situation.
The American Forum on Microenterprise (Foromic) will be held in San José, the Costa Rican capital, between 10 and 12 October this year.
The event is organized by the Multilateral Investment Fund Inter-AmericanDevelopment Bank (FOMIN) in collaboration with the Costa Rican Ministries of Finance, Economy, Trade and Industry.
A central theme of this year's Foromic will be access and inclusion of micro and small producers in economic activity via improved access to financial services, markets for their products and basic services. Also under discussion are issues such as public policy for micro-businesses, transparency in the micro-finance sector, micro-franchising, clean energy, youth and entrepreneurship, savings and technology. Registration for participants in Foromic starts on 1 June.
The "Harmonization of Government Public Finance Statistics Project” which will seek to produce comparable fiscal data was begun.
In a report in Capitales.com, the purpose is stated thus: "…to compile and disseminate data that may provide a comparative analysis of the fiscal situation." The commentary by the finance minister of Costa Rica, Guillermo Zuniga was also published: "The project is very important for the region because by having quality information that is properly harmonized we can do a fiscal analysis in the midst of the current situation which is crucial for decision making."
An analysis suggests that the lack of a stock market is not the fault of businesses or investors, but of the system.
In his blog in Elfinancierocr.com, Allan Rodriguez, Founding Member and General Manager of Group CFS, analyzes in two successive posts how much costs are implied by the productive economy not having a stock market from which to obtain financing as several causes of the problem.
Recognized Brazilian company of backhoe loaders, telescopic, articulated and other types of cranes looking for companies interested in representing the brand and distributing their machinery in Central America and Mexico. The company manufactures and sells telescopic,...