Fernando Naranjo
Fernando Naranjo is an esteemed economist and former Minister of Finance in Costa Rica, currently serving as the president of Consejeros Económicos y Financieros S. A. (Cefsa). He is known for his insights into the economic conditions affecting tourism, particularly highlighting the impact of currency exchange rates on the cost of travel to Costa Rica. His recent statements have drawn attention to a decline in tourist arrivals from the United States and Europe during the high season of 2024, attributing it to the country's increased costliness as a destination.
Not in the pool (under ¢1).
Recent news mentions
Fernando Naranjo explained that the evolution of the exchange rate in Costa Rica is far from being a Dutch disease.
Dólar en mínimos históricos reabre el debate: ¿sufre Costa Rica síntomas de ‘enfermedad holandesa’?
Costa Rica· 2026-03-02
Economist Fernando Naranjo noted that Costa Rica developed a unique model in Latin America starting in the 1990s.
La nueva economía de Costa Rica: ¿Cuáles sectores ganan y pierden peso en la producción?Costa Rica· 2026-02-09
Fernando Naranjo indicated that the increase in tariffs would have a strong impact on Nicaragua's economy.
Trump decidirá si Nicaragua queda fuera del Cafta: expertos alertan efectos en Costa RicaCosta Rica· 2025-10-22
Fernando Naranjo called for understanding and balance in the new environmental regulations affecting the coffee sector.
Caficultores y líderes globales acuerdan comercio justo y sostenible
Honduras· 2025-10-18
El economista Fernando Naranjo aseguró que la reducción en la inversión extranjera se debe a la falta de competitividad originada por la apreciación del tipo de cambio.
Inversión extranjera en Costa Rica sufre la mayor caída en 5 años; zonas francas se llevan el mayor golpeCosta Rica· 2025-10-02
Fernando Naranjo is an economist and economic advisor who served as Minister of Finance from 1986 to 1989.
Cierre parcial de Intel: el alto costo de la mala gestión económicaCosta Rica· 2025-08-01Fernando Naranjo denied having fabricated a 'tailor-made suit' to favor the company MECO in the bidding process for repairing the runway at Liberia airport.
Exdirector de Aviación Civil niega haber hecho ‘traje a la medida’ para favorecer a MECO en arreglo de pista de LiberiaCosta Rica· 2025-07-29
Fernando Naranjo was the director of Civil Aviation who worked with Luis Amador on the airport contract.
Luis Amador renuncia a ser candidato presidencial con el PPSDCosta Rica· 2025-07-15
Fernando Naranjo, former minister of Finance, explained that VAT is a tax that basically taxes family consumption.
IVA supera al impuesto de renta como principal motor de la recaudación del GobiernoCosta Rica· 2025-06-16
Fernando Naranjo, a former manager of the Banco Nacional, expressed concerns about the situation being perceived as delicate internationally.
¿Cómo impacta el cambio de Junta Directiva del BN en los clientes y bancos corresponsales?Costa Rica· 2025-05-29
Fernando Naranjo considered the removals at the National Bank to be illegal.
Gobierno toma control de la Junta Directiva del Banco NacionalCosta Rica· 2025-05-29
Fernando Naranjo, an economist and former Minister of Finance, summarized that Costa Rica has become an excessively expensive destination.
Costa Rica pierde imán turístico mientras vecinos del Istmo avanzanCosta Rica· 2025-04-27
Fernando Naranjo, president of Consejeros Económicos y Financieros S. A. (Cefsa), attributes the decline in tourism to the increasing cost of the country as a destination.
Caída del turismo extranjero se profundizó en marzoCosta Rica· 2025-04-22Fernando Naranjo, president of Consejeros Económicos y Financieros S. A. (Cefsa), attributed the lower visitation to the increased cost of the country as a tourist destination.
Se agudiza descenso en llegada de turistas extranjeros a Costa RicaCosta Rica· 2025-03-17Fernando Naranjo is an economist and economic advisor who served as Minister of Finance from 1986 to 1989.
Turismo en una difícil encrucijadaCosta Rica· 2025-02-27Fernando Naranjo is an economist and former Minister of Finance who explains the decline in tourist numbers due to the high cost of visiting Costa Rica.
Tipo de cambio ahuyentó el ingreso de turistas en temporada alta: vea los datosCosta Rica· 2025-02-25