Costa Rica vows to boost small businesses
- by crv.staff
- 20.07.10
- 7:35 AM UTC
- Filed in Costa Rica
Source: Tico Times
By : Adam Williams
In two separate announcements over the past five days, President Laura Chinchilla and Vice President Luis Liberman each put forth plans to improve the prospects for Costa Rica’s small and mid-sized businesses. In order to accomplish this, Chinchilla and Liberman said the administration will work with banks to offer small companies easier access to credit, simplify the bureaucratic processes used in regulation and lessen government control to provide more autonomy.
Overseeing these improvements will by the Economy Ministry (MEIC), which in early June announced the creation of the National Strategy for Better Regulation and Simplification of Bureaucratic Processes, designed to reduce the stumbling blocks created by trámites, the bureaucratic processes used to obtain licenses, permits and documents (TT, June 4). According to Liberman, the simplification of processes “is necessary to reduce unnecessary stresses for business owners.”
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