Santa Cruz de la Sierra, Bolivia, Sep 28 (Prensa Latina) The Cuban ambassador to Bolivia, Danilo Sánchez, described "as very important" the presence of a Cuban delegation at the Santa Cruz International Fair (Fexpocruz) .
Costa Rica on Monday will begin negotiations for an agreement with the International Monetary Fund (IMF) that would allow it to face its large fiscal deficit. The discussions come amid uncertainty about the government’s plans to reach an understanding after public rejection of tax increases.
The search for this agreement poses a difficult balance for the government, which will try to make a fiscal adjustment of around 3% of GDP. Executives must present proposals that are acceptable to a Congress reluctant to adopt new taxes, and without provoking mass protests as happened last year.
The Executive Branch’s first attempt to reach a pact with the IMF last September and October failed amid criticism from legislators who considered that it privileged new taxes over spending cuts.