, Ambassador of Costa Rica to the Commonwealth of Australia, spoke in an interview with Biz Latin Hub
regarding the nation’s economic success.
According to Hernandez, a key factor to the country’s success is the Costa Rican education system, which has developed into one of the best in Central and South America. The introduction of mandatory English classes has had a substantial impact on students, allowing them to communicate and prosper within the tourism industry: one of the country’s fastest growing industries.
Costa Rica is quickly emerging as one of the most innovative countries of educators in the world, promoting education in language, technology, and environmental sustainability. Additionally, “Costa Rica is considered one of the most progressive nations regarding climate change and aims to become the world’s first carbon-neutral country by 2021”
(Biz Latin Hub
“Costa Rica’s Green Energies industry is growing rapidly and gaining lots of attention on the world stage. The Costa Rican Electricity Institute (ICE) has said that for the last two consecutive years, 98% of the country’s electricity came from green sources.”
FDI investment is one of the country’s priorities and in 2018, the country created 12,691 new jobs through 48 projects. According to CINDE
, these projects included new investments and expansions in the service sector, digital technology, life sciences, and advanced manufacturing services.
“A key factor setting Costa Rica apart is the strength of its regulatory bodies and a stable political environment as it provides foreign investors with confidence, thereby making Costa Rica a haven for foreign investors.”