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Emerging MarketsEM LatAm

Costa Rica, El Sal catch rally despite dire fiscal forecasts

Carlos Alvarado Quesada, Costa Rica, president, Central America, president, IMF, LatAm, 575

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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