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Caribbean & Central America - October 2014 (ISSN 1741-4458)
COSTA RICA: Moody’s downgrade kicks Solís into action
Days after bemoaning the “unimaginable” disorder he had inherited on entering office, Costa Rica’s President Luis Guillermo Solís found his task yet more complicated. Moody’s Investors Services, an international credit ratings agency, downgraded Costa Rica’s sovereign bond rating on 17 September. The decision appears to have spurred the president into action. Whereas tax reform had once been promised in the second half of his mandate, Solís said that he would send a bill to congress by the end of this year.
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