Back

Economy & Business - June 2020

CENTRAL AMERICA: Fiscal pressures intensify due to coronavirus pandemic

The coronavirus (Covid-19) pandemic has elicited a range of responses among Central American nations but increased fiscal pressures due to the health emergency is one thing that many have in common. Two countries facing such pressures but for different reasons are Costa Rica and Guatemala. In Costa Rica, the fiscal concerns were already rife amid a rising fiscal deficit due to high government spending. Meanwhile international credit ratings agency Fitch Ratings and local think-tank Central American institute of fiscal studies (Icefi) have warned of Guatemala’s “fiscal vulnerability” due to low tax take - a perennial weak point.

End of preview - This article contains approximately 1829 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.