Scott Oliver - October 2008

In the face of catastrophic global financial problems, according to published statements from the the Central Bank in La Nación on 21st October 2008 Costa Rica will finish the financial year off with a lower than expected deficit and the best financial results in over 25 years.

Costa Rica's Central Bank (Banco central de Costa Rica) had anticipated a year end deficit equivalent to 0.6% of the internal production and during the first seven months of the year the deficit reached 0.2% - at the end of the year the President of Costa Rica's Central Bank Francisco de Paula Gutiérrez suggested that the actual number will be 0.5%

Costa Rica stil has significant internal debt but Costa Rica's debt service is much lower than Brazil, Argentina, Uruguay, Colombia, Bolivia, Chile, Mexico, Belize, Peru, Ecuador, Panama and Honduras.

Written by Scott Oliver, author of How To Buy Costa Rica Real Estate Without Losing Your Camisa and Costa Rica's Guide To Making Money Offshore.

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