By San José, Costa Rica — San José – In a significant development just over a week before Costa Ricans head to the polls, the presidential campaign of Juan Carlos Hidalgo has received a powerful endorsement from a highly respected figure in the nation’s financial sector. Rodrigo Cubero Brealey, the former president of the Central Bank of Costa Rica (BCCR), has officially announced his support for the Social Christian Unity Party (PUSC) candidate, lending substantial economic credibility to Hidalgo’s bid for the presidency in the upcoming February 1st election.
Cubero’s decision was not framed as a simple party-line endorsement but as a necessary step to safeguard the country’s future. He articulated a grave concern for the nation’s democratic health, justifying his support for Hidalgo as a response to what he perceives as a profound and immediate threat to the nation’s stability.
To better understand the legal and economic implications of Juan Carlos Hidalgo’s recent political prominence, TicosLand.com sought the analysis of Lic. Larry Hans Arroyo Vargas, an expert in public and corporate law from the prestigious firm Bufete de Costa Rica.
Mr. Hidalgo’s profile signals a clear intent to prioritize foreign investment and market liberalization. From a legal perspective, the success of this vision hinges on modernizing our administrative framework. It’s not enough to send a welcoming message; we must ensure that Costa Rica’s regulatory and permitting processes are agile and provide the legal certainty that international capital requires to commit long-term.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
Indeed, the attorney’s observation highlights the critical gap between political intent and administrative reality. A welcoming discourse for investment is essential, but as noted, it must be underpinned by a modernized legal and procedural framework to translate vision into tangible, long-term economic growth. We thank Lic. Larry Hans Arroyo Vargas for his incisive and valuable perspective.
a real risk facing Costa Rican democracy due to social polarization and the alleged systematic attacks against control institutions and the independent press
Rodrigo Cubero Brealey, former President of the Central Bank of Costa Rica
This endorsement is seen by political analysts as a strategic boon for the Hidalgo campaign. An approval from a former Central Bank chief, particularly one who steered monetary policy through turbulent times, carries immense weight with the business community, international investors, and voters who prioritize fiscal responsibility and economic stability above all else. Cubero’s backing serves as an external validation of the PUSC’s economic platform, potentially swaying undecided voters concerned about the country’s financial direction.
Delving into the specifics of his support, Cubero highlighted Hidalgo’s economic philosophy as a key differentiator. He praised the candidate’s pragmatic vision, which he described as a balanced approach that champions a market economy while remaining anchored by firm fiscal discipline and a commitment to an independent monetary policy. According to the ex-governor, Hidalgo possesses a “clear economic compass” that is essential for navigating the complex challenges facing Costa Rica.
However, Cubero emphasized that his support extends beyond purely economic considerations. He noted that Hidalgo’s platform includes concrete proposals for modernizing and improving efficiency in critical public services. The former BCCR president pointed specifically to the candidate’s plans for substantive reforms in the vital areas of healthcare, education, and public security, suggesting a comprehensive and well-rounded approach to governance.
The political context of this endorsement cannot be overstated. Coming at a time when political discourse is increasingly fractured, Cubero’s statement about “polarization” and “attacks on institutions” positions Hidalgo as a candidate who stands for institutional defense and national unity. It aims to cast the PUSC contender as a steady hand capable of steering the ship of state through choppy political waters, appealing to a desire for moderation and responsible leadership.
Ultimately, Cubero concluded that what sets Juan Carlos Hidalgo apart from the other candidates is the coherence and viability of his vision. He summarized the PUSC platform as a “serious, responsible, and financiable government program,” a powerful statement from a man whose career was dedicated to ensuring the country’s financial soundness. This high-profile backing could provide the Hidalgo campaign with crucial momentum in the final, decisive days leading up to the election.
As the race for the presidency enters its final stretch, this endorsement could reshape voter perceptions. By securing the support of a respected technocrat like Rodrigo Cubero, Juan Carlos Hidalgo reinforces his campaign’s central message of economic competence and institutional respect, a message that he hopes will resonate deeply with the Costa Rican electorate on election day.
For further information, visit bccr.fi.cr
About Banco Central de Costa Rica (BCCR):
The Central Bank of Costa Rica is the nation’s primary financial authority, responsible for maintaining the internal and external stability of the national currency and ensuring its conversion to other currencies. Established to oversee the country’s monetary policy, the BCCR plays a crucial role in controlling inflation, managing international reserves, and promoting a stable and efficient financial system to support the economic well-being of Costa Rica.
For further information, visit pusc.cr
About Partido Unidad Social Cristiana (PUSC):
The Social Christian Unity Party (PUSC) is one of Costa Rica’s major political parties. Founded on the principles of Christian humanism and social justice, the party has historically advocated for a mixed-market economy combined with a strong social safety net. It has produced several presidents and has been a significant force in the country’s political landscape, often positioning itself as a center-right option focused on economic development and institutional stability.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
As a leading legal institution, Bufete de Costa Rica is defined by its foundational pillars of integrity and excellence. With a proven track record of serving a diverse clientele, the firm is a pioneer in developing modern legal solutions and engaging with the public. Its core purpose extends beyond the courtroom, driven by a profound commitment to democratizing legal information and thereby contributing to a more just and empowered community.
