Alvarado Building Political Support for Economic Reform in Costa Rica

• Costa Rican President Carlos Alvarado of the center-left Partido Acción Ciudadana (PAC) will continue to build a political consensus around economic reforms to reduce the country’s fiscal deficits in the coming months.
• The Alvarado government will also prioritize policies to reduce carbon emissions and improve social programs for poor and minority Costa Ricans.
• However, higher unemployment and general pessimism among Costa Ricans pose a moderate risk to the government's reform agenda.

(Source: Fitch Solutions)