IMF predicts Costa Rica and Latin America will be first to recover from the global economic crises

May 25, 2009 - PRLog -- On the 23rd of May La Republica, Costa Rica reported on positive predictions for economic recovery made by Miquel Savastano, Assistant Director of the IMF (International Monetary Funds) Western Hemisphere region.

Mr. Savastano predicts that Costa Rica will be one of the first countries whose economies will recover in 2010. He bases these predictions on the sound financial and fiscal policies of the Costa Rican Government and Costa Rican central bank whose fiscal policies the IMF fully endorses.

More positive news comes from Nicolas Eyazaguirre, Director of the IMF Western Hemisphere region who is quoted as saying “Latin America in general will experience a quicker recovery than the larger economies” because “many countries in the region have responded to the crises with policies that boost production and employment. The outstanding feature being that six months after the collapse of Lehman Brothers, NO Latin American financial system has experienced a banking crisis. Liquidity is good and Latin American banks have little dependence on foreign financing.”

In December 2008  the IMF reported about Costa Rica “the country can confront the challenging global environment from a position of relative strength. The prudent fiscal stance of recent years provides the authorities with some room for maneuver”

James Cahill, managing director of Costa Rica Invest, commented “the IMF’s endorsement of the Costa Rica’s fiscal policies and their predictions for an early emergence from the current global downturn is great news for our investors. Their investment in Costa Rica has positioned them to benefit hugely from any improvements in the global financial cycle”.

Judy Ferguson, public relations manager, for Costa Rica Invest, added “our early investors recognized the opportunity of investing in development land in the principal emerging economy in Central America. Combined with the added value of teak growing on their land, this remains a hugely attractive investment opportunity. The teak provides a safe and secure return whilst the land has the potential to show a spectacular increase in value.”

Costa Rica Invest specialises in eco-friendly, ethical, high yield investments.  All projects are based in the best locations in Costa Rica, consisting of plots of development land with an environmentally friendly angle. Their current development in ‘Di Pacifico Dos’ combines a teak commodity investment traded in USD on plots of land zoned for development. With a double investment in locations where land prices are increasing rapidly, backed by a sound commodity that is constantly ‘growing’, is it any wonder they have so many repeat investors creating wealth naturally?

For more information, including high resolution images and case studies, press only:
Judy Ferguson, +353 (0)1 272 4184, pr@costaricainvest.ie

For more information on Costa Rica Invest and their products:
+353 (0)1 272 4184, info@costaricainvest.ie http://www.costaricainvest.ie or http://www.costaricainvest.co.uk

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Costa Rica Invest specialises in enironmentally friendly, ethically responsible, high yield investments, primarily in Costa Rica. Di Pacifico Dos is Costa Rica Invests current project investing in development land with the added value of teak trees.