Euromoney’s 2012 FX survey results

Euromoney’s 2012 FX survey results

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The money network:

The money network:

Why crowdfunding threatens traditional bank lending

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Skip Navigation LinksHome :: Costa Rica: Desperately seeking securities

November 2008

Costa Rica: Desperately seeking securities

by Chloe Hayward


Costa Rican pension funds are in desperate need of more local investable securities, according to senior bankers in San José.

"The pension funds are in a hard place at the moment – there isn’t enough for them to invest in here and so most of the money is leaving Costa Rica and being invested in US treasuries," says Ernesto Castegnaro, president of BAC Credomatic.

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