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Emerging MarketsEM LatAm

IMF no panacea for Costa Rica, says Fitch

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

Costa Rica’s finance ministry said on Monday that it planned to begin discussions over a new $1.75bn IMF programme in the second week of January. But though an agreement would likely drive a rally in the sovereign’s bonds, Fitch Ratings warned it would not remove debt sustainability pressures.

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