*José "Pepe" Figueres Ferrer (1948-1949): Following the 1948 civil war, Figueres led the nationalization of all banks and imposed a monopoly on deposits. This action prevented foreign banks from dominating the local economy, establishing a state-owned banking system that continues to hold a large share of the market, which acts as a barrier against total foreign control.
Resistance to IMF/USA Privatization Efforts: For over six decades, Costa Rican authorities and citizens have resisted pressure from the International Monetary Fund (IMF) and the U.S. to privatize state-owned assets, including the major national banks.
Development of Public Banking Alternatives: The establishment of public banks, specifically the Banco Popular y de Desarrollo Comunal (BPDC), has provided a stable, worker-owned alternative to private international banks, fostering local development.
Costa Rica is pretty based.
*José "Pepe" Figueres Ferrer (1948-1949): Following the 1948 civil war, Figueres led the nationalization of all banks and imposed a monopoly on deposits. This action prevented foreign banks from dominating the local economy, establishing a state-owned banking system that continues to hold a large share of the market, which acts as a barrier against total foreign control.
Resistance to IMF/USA Privatization Efforts: For over six decades, Costa Rican authorities and citizens have resisted pressure from the International Monetary Fund (IMF) and the U.S. to privatize state-owned assets, including the major national banks.
Development of Public Banking Alternatives: The establishment of public banks, specifically the Banco Popular y de Desarrollo Comunal (BPDC), has provided a stable, worker-owned alternative to private international banks, fostering local development.
You are so knowledgeable. I only think about Costa Rica as the country supposedly filming Jurassic Park. LOL
Well I only know because in the last five years I've been there a few times.
So when I go to different countries I like to look up some history about them.
Good for you. I would love to go.