Loosening of credit urged by builders, vice president

The Banco Central is coming under more pressure to eliminate restrictions on credit.

The Cámara Costarricense de la Construcción said that in the first six months of the year, construction approvals fell 7.6 percent compared to the same period last year.

Vice President Luis Liberman also urged that restrictions be loosened although the central government does not have the power to do that, said Casa Presidencial.

In January the central bank limited increases in credit to about 12 percent. But as Liberman noted, the inflow of dollars has lessened and the international economy is growing slower.

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