Business chamber seeks end to credit cap

The nation’s business chamber said Tuesday that it hopes the  Banco Central de Costa Rica eliminates restrictions on the increase in credit that were imposed at the beginning of the year.

The restrictions have slowed down production, exportations and the creation of jobs, the organization said. It is the  Unión Costarricense de Cámaras y Asociaciones del Sector Empresarial Privado,

Business leaders said that since March they have been observing clear signs of an economic slowdown in all the nation’s productive sectors.

Jaime Molina, president of the chamber, noted that a similar hope had been expressed by President Laura Chinchilla who said that the central bank should reconsider its policy because economic conditions have changed.

The business chamber offered to work with the central bank to develop policies that would increase jobs and improve the economy.

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