Fighting “Hot Money” and Capital Flight in #CostaRica At - TopicsExpress

Fighting “Hot Money” and Capital Flight in #CostaRica At the Legislative Assembly this week, a proposal to empower the Central Bank to prevent speculative investments, hot money and capital flight in Costa Rica became law with 32 votes in favor and seven against. Capitales golondrina, as they are known in Costa Rica, are those fleeting and speculative investments made by foreign entities that seek to avoid financial commitments and gain quick profits with little to no tax liabilities. news.co.cr/fighting-hot-money-and-capital-flight-in-costa-rica/34140/

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