Costa Rica has a good reputation for stability in politics and finance and partially as a result of this over recent years Costa Rica is continuing to attract foreign investment not only in Costa Rica real estate but also in many areas such as technology and engineering.
On September 9th Costa Rica’s credit rating was upgraded by the credit rating company Moody’s from speculative to stable, this is due to the proven ability of the country to withstand external shocks. The report goes on to project in the coming years foreign investment will be stable, which in turn will help to tackle the country’s fiscal deficit.
When the Costa Rican President Laura Chincilla was in the USA on a weeklong tour, with the primary intention of attracting more investor interest to Costa Rica. President Chincilla gave a brief speech at the New York stock Exchange after she tolled the opening bell saying, “There are many U.S. companies that are working and investing in our country. We will always have our doors open to these companies.” She continued that Costa Rica is in good financial condition and will forge ahead with inviting more U.S. companies investing in the country.
During the Presidents visit to the USA the technology company Emerson that has an engineering plant in Costa Rica since 2008 announced a further $2.3 million investment in property in constructing a new building in the Guachipelin free trade zone, which is in the San José suburb of Escazú.
Also Bloomberg reported that party due to the optimistic credit rating Costa Rica is prepared to make the first bond sale since 2004.
This positive news strengthens the international view of Costa Rica for investment in a broad a spectrum as buying real estate to manufacturing.