Exporters chamber planning session against bond issue

The Cámara de Exportadores de Costa Rica plans to hold a press conference today at 3 p.m. in the Asamblea Legislativa to express the organization’s opposition to a proposed bond issue that is being considered by lawmakers. The title translated into English is “How will Costa Ricans pay the bill for public expenditures that grow without limit.”

The exporters group members receive their payments in dollars, so they are sensitive to the rate of exchange with the colon. Spokespersons have said in the past that a bond issue would bring many more dollars into the country and further reduce the value of the dollar against the colon. They also are concerned about unemployment.

Luis Loría, director general of the exporters chamber, said that some firms will be forced to close if the bond issue is passed.

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