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Scotiabank in Costa Rica
To Cut 200 Jobs
Many argue that Costa Rica is not a financial crisis, however, the
200 employees of the Scotiabank in Costa Rica that are being laid
off may have a differing opinion.
Costa Rica Seeks IMF Credit
Line to Shield Economy
Costa Rica is seeking a credit line of as much as
us$750 million from the International Monetary Fund to shore up
confidence in the country’s economy, Francisco de Paula Gutierrez,
president of the central bank, said.
Minister Arias In Hot
Water Over Alleged
Misuse of BCIE Funds
Rodrigo Arias, Costa Rica's ministro de la Presidencia and brother
to president Oscar, is being investigated by the Contraloría General
de la República (Comptroller's office), for the poor management of
consulting contracts paid for with funds of the Banco
Centroamericano de Integración Económica (BCIE).
State Banks Loosen
Strings On Personal
Loans
The state banks are
making available ¢248
billion colones for
those in need of
consolidating theird
debts, cover medical
expenses, pay for
college tuition, fix up
their homes or whatever.
Informational Workshop
About China Free Trade
Deal Held in Guanacaste
Last Feb. 12, the
Ministry of Foreign
Trade (COMEX) and the
Costa Rican Foreign
Trade Promoter (PROCOMEX)
began the regional
workshops program in
Nicoya as part of
informational and public
consultation activities
related to the free
trade agreement Costa
Rica is negotiating with
the People’s Republic of
China.
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The
ministro
de
Presidencia,
Rodrigo
Arias
(holding
paper in
hand) is
accompanied
by Mayi
Antillón,
ministra
de
Comunicación
(in neck
brace);
Alberto
Dent,
president
of the
Conasif;
and,
Francisco
de Paula
Gutiérrez,
president
of the
Banco
Central,
who
accompanied
the
minister
during
an early
evening
press
conference
on the
alleged
misuse
of BCIE
funds by
Arias. [Foto:
Luis
Morales)] |
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