IMF Calls for Lower Interest Rates in Costa Rica

The International Monetary Fund advised Costa Rica’s central bank to consider further cuts to its benchmark interest rate. The changes would help transmission to lending rates in colones while authorities balance support for economic growth against persistent low inflation. The recommendation followed an IMF mission led by Varapat Chensavasdijai that ran from February 25 to …

Bukele Dismisses Political Prisoners Accusations in El Salvador Gang Crackdown

El Salvador President Nayib Bukele brushed aside accusations from human rights organizations that his government holds political prisoners and has committed crimes against humanity in its campaign against street gangs. Bukele said after two reports detailed alleged abuses under the state of emergency that has shaped his security policy for nearly four years. “It is …

Jack Draper Beats Novak Djokovic in Three Sets at Indian Wells

Novak Djokovic exited the BNP Paribas Open after Jack Draper outlasted him in a demanding three-set encounter on Wednesday. The British player, defending his title, rallied to win 4-6, 6-4, 7-6 (7-5) and move into the quarter-finals at the California Masters 1000 event. The match stretched beyond two and a half hours and featured intense …

Small Plane Tire Explodes on Landing at Tobías Bolaños Airport in Pavas

A Cessna 172 aircraft registered TI-BHC from Aerobell Flight School landed with damage at Tobías Bolaños International Airport in Pavas on Wednesday morning after it lost power and its left landing gear tire exploded. The incident happened around 6:45 a.m. The plane took off from runway 10 for what appeared to be a training flight. …

El Salvador Accused of Crimes Against Humanity

A group of international jurists yesterday, accused the government of Salvadoran President Nayib Bukele of committing crimes against humanity, including torture and disappearances, in its war against gangs. The offensive has unfolded under a state of emergency that allows arrests without a judicial warrant and that, in nearly four years, has sent about 90,000 people …

Nicaragua Uses Diplomatic and Security Networks to Intimidate Exiles

Nicaragua maintains an extensive transnational network to surveil and intimidate opposition figures in exile, affecting hundreds of thousands of people, the UN Group of Human Rights Experts on Nicaragua warned. A report prepared by the experts details an extensive transnational architecture of surveillance and intelligence used to monitor, intimidate and attack the hundreds of thousands …

Costa Rica Dollar Hits Two Decade Low Amid Debate Over External Debt

Costa Rica’s dollar exchange rate has fallen to levels not seen in about two decades, and economists Fernando Naranjo and Norberto Zúñiga say one of the main reasons is the government’s heavy use of external debt since 2023. The two argued that foreign borrowing has pumped more dollars into the local market, adding to the …

Costa Rica’s Strategy Case Raids Seize Golfito Hotel and Transport Company

Agents from Costa Rica’s Judicial Investigation Agency (OIJ) detained Glen Rojas Barquero and several family members yesterday during raids in the investigation known as the Strategy Case. The 46-year-old faces charges of leading a group accused of laundering money from drug trafficking. OIJ Director Michael Soto identified Rojas Barquero as the head of the organization. …

Costa Rica Investigates More TikTok Creators After PANI Grooming Reports

Costa Rica’s National Children’s Trust, known as PANI, reported two more TikTok creators to prosecutors yesterday over alleged grooming cases, widening a fast-moving investigation that has put several Costa Rican digital personalities under scrutiny in the span of a week. The latest complaints bring the total to four cases involving content creators referred by PANI …

Qualifier Gibson stuns Paolini to reach Indian Wells quarterfinals

Australian qualifier Talia Gibson pulled off one of the biggest upsets of the BNP Paribas Open on Tuesday, defeating seventh-seeded Jasmine Paolini 7-5, 2-6, 6-1 to advance to her first WTA quarterfinal and shake up the women’s draw. The 21-year-old from Western Australia, playing in her debut WTA 1000 main draw, claimed her first career …