Costa Rica President mentioned that the country’s era of fiscal irresponsibility is over. The nation, known for its generous social programs, has seen its currency and bonds thrive following a fiscal restructuring under an IMF program. Both Fitch and S&P upgraded Costa Rica this year due to its performance exceeding IMF targets. The nation’s currency has appreciated 15% since the IMF deal’s approval in 2021, leading in the Americas. Significantly, officials capitalized on favorable market conditions by conducting an overseas debt sale worth USD 1.5 bln in March.