Costa Rica’s government pays off Caja debt
As of Tuesday, the Costa Rican government’s debt to the Social Security System (Caja) has been paid off. The National Treasurer’s Office of the Finance Ministry handed over ¢16.2 billion ($32 million) of internal debt to the Caja.
This was the last payment by the government to pay the Caja the ¢85 billion ($167 million) owed to the system. The first payment took place on Aug. 13 for ¢54 billion ($106 million). Six days later the government paid an additional ¢15 billion ($29.4 million).
“We achieved our promise with the Caja. We reaffirmed our interest to overcome the financial difficulties that the Caja is facing,” said Finance Minister Fernando Herrero in a ministry press release.
You may be interested
Costa Rica’s guilty votersÁlvaro Murillo - May 25, 2018
By what I have done, and by what I have left undone. A relative of mine is 70 years old…
Fed up: Nicaragua’s uprisingAlexander Villegas - May 25, 2018
We all heard it. University students and protesters across Nicaragua stood up against the country’s increasingly authoritarian president, Daniel Ortega,…
Costa Rican entrepreneur launches swimwear line to empower womenElizabeth Lang - May 24, 2018
María Luisa Mendiola is a young Costa Rican woman living in New York who’s all about creating change in everything…