us$400 Million In Remittances
Costa Ricans living abroad sent back home us$400 million
last year, while foreigners living here sent us$196
million to their relatives in their homelands.
The data surfaced in a study by Erika Chaves, of the
Banco Central de Costa Rica (BCCR) - Central Bank of
Costa Rica.
The finding shows that the number of Costa Ricans
living and working abroad increased by 20% between
2000 and 2004, while the figure for foreigners working
here increased by only 14%.
According to the study, 80% of the 100,000 Costa Ricans
working abroad live in the United States, mainly in
California, Florida, New York, and New Jersey.
The official data for foreign workers here start with
77% Nicaraguans, followed by immigrants from El Salvador,
Cuba, Peru, and Colombia.
Arias Declared President-Elect, Insists
on Free Trade Deal
The Tribunal Supremo de Elecciones (TSE) de Costa Rica "officially" declared
former president and Nobel peace prize winner, Oscar
Arias, winner of the February 5 elections and president-elect.
"Oscar Arias Sánchez is declared the constitutionally
elected president of the Republic, Laura Chinchilla
Miranda as first vice-president and Kevin Casas Zamora
as second vice-president", was the declaration
by Oscar Fonseca, president of the TSE.
The magistrates confirmed the final count of 1.623.992
valid votes of the February 5 election, of which 664.551
(40,92%) went to Arias and 646.382 (39.80%) went to
Ottón Solís, of the Partido Acción
Ciudadana (PAC).
The difference was a mere 18.169 votes, the closest
in the history of Costa Rican presidential elections. read on...
Lower Inflation Expected
The average yearly inflation for the next 12 months is
expected to reach 12.3 percent om average, while the
forecast last January had been 12.7 percent.
The data was established in a monthly survey by
the Banco Central de Costa Rica (BCCR) - Central
Bank of Costa Rica - among professionals of the financial
sector, academics, consultants, and businessmen.
Among those surveyed, the highest figure was 13.5
percent, and the lowest 11.1 percent.
According to analysts, the survey reflects a trend
that several indicators have shown since late last
year, particularly a de-acceleration in the consumer
price index.
The Central Bank's goal for this year is 11 percent,
which means that the Bank will orient its monetary policy
to attain that figure.
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