Costa Rica rallies on court decision, still faces fiscal challenge

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Costa Rica rallies on court decision, still faces fiscal challenge

Carlos Alvarado, Costa Rica, president, LatAm
Costa Rica's President Carlos Alvarado during the Paris Peace Forum, an event that is a part of the commemoration ceremonies to mark the centenary of the 1918 Armistice, at the Villette Conference Hall in Paris, France on November 12, 2018. The Paris Peace Forum aims to bring together all actors of global governance to strengthen multilateralism and international cooperation. Photo by Francois Loock/ABACAPRESS.COM | Loock Francois/ABACA/ABACA/PA Images

Bonds issued by central American sovereign Costa Rica rallied as much as four points on Monday after the country's constitutional court gave investors a positive surprise, approving fiscal reform that should improve market confidence in the borrower.

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