LATIN AMERICA ADVISOR

LATIN AMERICA ADVISOR

A daily publication Of the dialogue

April 5, 2022

What Challenges Await Costa Rica’s Next President?

Rodrigo Chaves, an economist and former finance minister, was elected Costa Rica’s president on Sunday. // File Photo: Costa Rican Government.

Q

A

Carlos Denton, executive director at CID/Gallup: “During the six months that Rodrigo Chaves spent as Costa Rica’s finance minister, he discovered an entrenched and very expensive public bureaucracy that made change for the better almost impossible. The government spends 50 percent of its annual budget on salaries; this is double what any member of the Organization for Economic Cooperation and Development allocates for this purpose, and much of this in recent years has been paid out using borrowed money. During his presidential campaign, Chaves offered to streamline government and to reduce government monopolies in the energy sector. If well-organized public-sector workers oppose his actions, he has promised to use the referendum mechanism laid out in the Constitution to achieve his goals. His political party only has 10 legislators in the 57-member Legislative Assembly, and cobbling together a working majority may be difficult on these kinds of issues. The referendum, only used once to ratify…”

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The Inter-American Dialogue publishes the Latin America Advisor every business day for a distinguished membership of informed corporate leaders, scholars, and government officials invested in Latin America’s development and future. The Advisor‘s highly regarded Q&A section covers questions submitted by subscribers themselves. Commentators regularly include heads of state, business leaders, diplomats, economists, analysts, and thought leaders from around the world. Many of the world’s largest and fastest-growing companies subscribe to the Advisor. To subscribe, click here. For terms and conditions, click here. For more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Diego Arria
Director,
Columbus Group

Merike Blofield
Professor of Political Science,
University of Hamburg

Devry Boughner Vorwerk
CEO,
DevryBV Sustainable Strategies

Joyce Chang
Global Head of Research,
J.P. Morgan

Marlene Fernández
Corporate Vice President for Gov’t Relations,
Arcos Dorados (McDonald’s)

Peter Hakim
President Emeritus,
Inter-American Dialogue

Donna Hrinak
Director,
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Jon E. Huenemann
Council Member,
GLG Inc.

James R. Jones
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Monarch Global Strategies

Craig Kelly
Senior Director,
Int’l Gov’t Relations,
Exxon Mobil

Barbara Kotschwar
Professor of Political Economy,
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John Maisto
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US Education Finance Group

Nicolas Mariscal
Chairman,
Grupo Marhnos

Thomas F. McLarty III
Chairman,
McLarty Associates

Beatrice Rangel
Director,
AMLA Consulting

Ernesto Revilla
Head of Latin American Economics, Citi

Gustavo Roosen
President,
IESA

Andrés Rozental
President, Rozental &
Asociados

Shelly Shetty
Managing Director,
Sovereigns, Fitch

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