Rodrigo Carazo Odio

Rodrigo José Ramón Francisco de Jesús Carazo Odio (* December 27, 1926 in Cartago, † December 9, 2009 in San José ) was a Costa Rican politician ( Unidad ).

Life

Carazo Odio was director of the Central Bank of Costa Rica and managers of the nationalized oil industry in his country. Carazo was dated May 8, 1978 to May 7, president in 1982. During his tenure, the UN University for Peace was established in 1980 in Costa Rica. He was regarded as a critic of the International Monetary Fund IMF. His government in 1981 broke off diplomatic relations with Cuba.

He won the elections by a large margin at that time and was able to form after a long time a Conservative government. Already at the beginning of the term was in Costa Rica an economic crisis, the country was heavily indebted. Carazo odios predecessor Daniel Oduber Quirós had not yet received the promise of a loan for the country, under the condition that its successor government vornähme a comprehensive structural reform of the Costa Rican economy. Until then, the economic system of a strong nationalization was marked and followed the development policy of import substitution industrialization. The economic program Carazo odios was given in the episode heavily from the IMF. Under his government, the prices were released. Carazo odios government abandoned the currency parity of the Costa Rican Colon against the dollar on 26 December 1978. The aim of this measure was to promote exports by cheapening and increasing the cost of imports. The events on the currency speculation subsequently led to a devaluation of the Colon by 500% relative to the dollar in just one year. The IMF urged amplified to a reduction in all government expenditures. Carazo Odio imprisoned here against and eventually resigned from the IMF. This could then lock the cheap loans from the World Bank, which is why Costa Rica had to take out expensive private loans. As a result, exacerbated the recession, a significant inflation ensued, resulting in Colón lost further significant value and important imported goods were scarce.

  • President ( Costa Rica)
  • Carrier of Merit of the Italian Republic ( Grand Cross with chain of orders )
  • Costa Ricans
  • Born in 1926
  • Died in 2009
  • Man
Cartago, Costa Rica Diplomacy Integrated Authority File
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