Costa Rica, El Sal catch rally despite dire fiscal forecasts

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Costa Rica, El Sal catch rally despite dire fiscal forecasts

Carlos Alvarado Quesada, Costa Rica, president, Central America, president, IMF, LatAm, 575
King Felipe VI of Spain attends audience with the President of Republic of Costa Rica Carlos Alvarado. 3 December 2019. (Alterphotos/FRancis Gonzalez) | Alter Photos/SIPA USA/PA Images

As the highest yielding sovereigns in Latin America — excluding those explicitly on the path to restructuring — bonds from El Salvador and Costa Rica have finally caught a strong bid. But fiscal fundamentals are deteriorating sharply.

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