Weekly Report - 25 August 2022 (WR-22-34)

COSTA RICA: Chaves stokes controversy with 100-day balance sheet

President Rodrigo Chaves has marked his first 100 days in office and presented a balance sheet outlining priorities and achievements delivered so far under his government. Opinion polls show that Chaves, who won election for his nascent right-of-centre Partido Progreso Social Democrático (PPSD) through spinning himself as an anti-establishment politician, pledging to root out corruption and lower living costs, remains popular. However, some items in his speech raised eyebrows, such as his proposal to sell off two state-owned banks, Banco Internacional de Costa Rica (Bicsa) and Banco de Costa Rica (BCR), as well as 49% of state-owned insurance company Instituto Nacional de Seguros (INS), to cut public debt.

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