Legislative approval will allow the government to take advantage of the record minimum rates in the international market, easing pressure on interest rates in the domestic market.

It will also decrease the pressure to solve the underlying problem, which is excessive government spending, especially that generated by the staff payroll, which not only continues to grow in quantity but also in the amount of their wages, on average far exceeding those of private sector workers.

A statement from the blog Pulso Bursátil by Aldesa reads:

Approval of Eurobonds and its impact on the country

Congress has finally approved the plan to issue debt, one of the most controversial in recent months.
Getting finance in the international market and taking advantage of historical minimum rates is the logical decision at the moment, even if the fiscal problem facing the government were not as serious as it is, provided that debt levels remain healthy.

Just as hundreds of Costa Ricans have swapped their expensive loans in colones for cheaper ones in dollars, the government can do the same and save funds that would otherwise have been spent on paying interest.

As long as there is an understanding that changing format will not solve the inefficient financing of the current structure of income and expenditure, it is necessary for the government to stop squeezing the private sector and especially consumers who have been harmed by the increase in the passive base rate.

Source: Grupo Aldesa