Open figure viewer
Significance
The move followed days of protests in response to plans for tax reforms designed to rein in the country’s burgeoning fiscal deficit.
Impacts
Protests will almost certainly return if the national dialogue is viewed as unsuccessful.
The suspension of the IMF talks will encourage the government to look to other multilateral organisations for loans or aid.
A lack of fiscal reform may weigh on Costa Rica’s credit rating, reducing its ability to raise international capital.
Keywords:
Costa Rica,
LA/C,
IMF-World Bank,
economy,
politics,
social,
emergency,
fiscal,
government,
health,
legislation,
opposition,
protest,
reform,
talks,
unions
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
You do not currently have access to this content.
