Costa Rica was facing a market liquidity crisis in 2017 due to a growing debt and budget deficit. By August 2017, the Treasury was having difficulty paying its obligations. Other challenges facing the country in its attempts to improve the economy by increasing foreign investment include a poor infrastructure and a need to improve public sector efficiency.
Stock of broad money: This entry covers all of "Narrow money," plus the total quantity of time and savings deposits, credit union deposits, institutional money market funds, short-term repurchase agreements between the central bank and commercial deposit banks, and other large liquid assets held by nonbank financial institutions, state and local governments, nonfinancial public enterprises, and the private sector of the economy. National currency units have been converted to US dollars at the closing exchange r . . . more
In 1996, Allan Weisbecker sold all his worldly possessions and set out in search of his long-time surfing friend, Patrick, who had went missing somewhere in Central America. Traveling with only his dog, his surfboards, and his truck, Allan’s journey from Mexico to Costa Rica is a memorable one, filled with scarier moments (like evading bandits) and warmer ones (like befriending the locals). It’s really the tale of ultimate friendship.
Prostitution is legal in Costa Rica and can be a destination for those looking for more than sun and surf on their vacation. San Jose and Jaco are hot spots for this activity. As with any other sex destination, there are some tourists that hire minors. Prostitution with minors (less than 18 years old) is considered a crime in Costa Rica. The majority of sex tourists in Costa Rica are from the United States, and, if they engage in prostitution with a minor, are prosecutable by the Protect Act of 2003. This act gives the US government the power to prosecute US citizens who travel abroad to engage in sex tourism with children under the age of 18. Several other countries including France, Canada, the UK, Italy, Germany, Netherlands, and Australia have similar laws. Arrests, warrants and prosecutions are being made under these laws.
We’ve never received a consistent response to the question: “How long must my passport be valid to travel to Costa Rica?” The official answer is “for the duration of your stay in the country.” We’ve heard reports, however, of airlines refusing boarding to anyone with less than 30 days, 90 days, or six months remaining before their passports expire. We recommend you err on the side of caution. Before you travel to Costa Rica, renew your passport if you’re getting down to the six-month mark. (That’s the requirement for entry to many countries anyway.)
Pro Tip: Most Costa Rican vehicles have standard transmissions – stick shifts. This is a scary prospect for most North Americans, many of whom have no reason to know how to drive stick. If you know anyone with a standard transmission vehicle, ask them to show you the ropes before you arrive in Costa Rica. It’s better to learn in a parking lot near your house than an unfamiliar dirt road with jungle on one side and a sheer drop on the other.
After you’ve had your fill of Playa Hermosa, head over the ridge – a short drive or long walk – and grab a cheap drink and plate at any of the beachfront cantinas along the area’s main drag. If you’re up for more adventure, sign up for a scuba or boat tour here – you’ll see signs lining the roads. Expect a daylong trip out on the water to set you back $100 per person.
The park’s highlights are its beaches, parts of which double as nesting and spawning grounds for threatened Atlantic sea turtles. Turtles lay eggs in vast numbers in July and August, but nesting season technically runs from March through October, so you have some leeway. If you visit the right beaches during nesting season, you will see turtles and their eggs. The $25-per-person guided tour is well worth it.
Living up to environmental virtues and sustainable development remains a constant battle throughout the country, whether due to lucrative contract offers, corrupt politics, or illegal poaching and logging. Nevertheless, Costa Rica has largely resisted opportunities to exploit its vast natural resources for valued commodities, despite having a high density of precious metals in the South Pacific, oil along the Pacific Coast, and rare hardwoods in the rainforest. Instead, Costa Rica has opted for an ethic of sustainable development and a commitment to develop renewable energy. Already, Costa Rica is on track to become the first carbon-neutral country, with 99 percent of the country’s energy needs meet through a combination of geothermal, hydroelectric, and wind power. Read more
Costa Rica (/ˌkɒstə ˈriːkə/ (listen); Spanish: [ˈkosta ˈrika]; literally "Rich Coast"), officially the Republic of Costa Rica (Spanish: República de Costa Rica), is a country in Central America, bordered by Nicaragua to the north, the Caribbean Sea to the northeast, Panama to the southeast, the Pacific Ocean to the southwest, and Ecuador to the south of Cocos Island. It has a population of around 5 million in a land area of 51,060 square kilometers (19,714 square miles). An estimated 333,980 people live in the capital and largest city, San José with around 2 million people in the surrounding metropolitan area.