IBOV 176,589 ▼ 0.43% IPSA 10,747 ▼ 0.73% IPC MEX 69,198 ▲ 1.37% MERVAL 2,924,356 ▲ 2.75% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.03 ▲ 0.36% USD/MXN 17.28 ▲ 0.01% USD/CLP 893.35 ▼ 0.24% USD/COP 3,661 ▼ 0.50% USD/PEN 3.40 ▼ 0.35% USD/ARS 1,410 ▲ 0.64% USD/UYU 40.01 ▲ 1.62% USD/PYG 6,131 ▲ 2.87% USD/BOB 6.86 ▲ 2.19% USD/DOP 58.91 ▲ 1.50% USD/CRC 449.72 ▲ 2.46% USD/GTQ 7.62 ▲ 2.64% USD/HNL 26.62 ▲ 2.09% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 155.84 ▼ 0.14% USD/TTD 6.72 ▲ 1.01% EUR/BRL 5.85 ▲ 0.17% BRENT 96.59 ▼ 6.71% WTI 93.57 ▼ 3.14% IRON ORE 161.91 — — COPPER 6.42 ▲ 1.29% GOLD 4,507 ▼ 0.30% SILVER 77.27 ▲ 1.81% SOY 1,186 ▼ 0.92% CORN 458.00 ▼ 1.13% WHEAT 635.00 ▼ 1.74% COFFEE 272.05 ▼ 0.11% SUGAR 14.53 ▼ 1.16% ORANGE JUICE 173.00 ▲ 0.90% COTTON 77.46 ▲ 0.05% COCOA 4,152 ▲ 9.38% BEEF 239.30 ▼ 4.01% CATTLE 349.38 ▼ 0.14% LITHIUM 86.35 ▲ 1.25% PETR4 43.44 ▲ 0.09% VALE3 83.07 ▼ 0.62% ITUB4 40.06 ▼ 0.64% BBDC4 17.84 ▼ 1.27% ABEV3 16.59 ▲ 1.16% BBAS3 21.11 ▼ 2.54% B3SA3 16.94 ▼ 1.85% WEGE3 43.44 ▲ 0.30% PRIO3 64.75 ▲ 0.68% SUZB3 41.68 ▲ 0.65% RENT3 43.70 ▼ 2.67% AZZA3 20.50 ▼ 1.87% CSAN3 4.28 ▼ 2.51% RAIZ4 0.40 ▼ 2.44% PCAR3 2.01 ▼ 2.90% GMAT3 4.28 ▼ 3.82% PSSA3 48.89 ▼ 0.71% CVCB3 1.72 ▼ 3.37% POSI3 4.17 ▲ 1.71% SLCE3 16.13 ▼ 0.55% NATU3 10.40 ▼ 1.23% BRKM5 11.68 ▼ 5.81% RANI3 7.91 ▼ 1.49% CSNA3 6.69 ▼ 0.45% CMIN3 4.51 ▲ 0.45% USIM5 9.66 ▼ 3.59% GGBR4 23.61 ▼ 2.36% ENEV3 25.06 ▼ 0.63% NEOE3 33.80 — 0.00% CPFE3 43.59 ▲ 0.67% CMIG4 11.20 ▼ 0.62% EQTL3 38.60 ▲ 0.26% LREN3 15.04 ▼ 2.40% VIVT3 33.85 ▲ 0.92% RAIL3 14.25 ▼ 0.77% KLABIN 16.61 ▲ 0.36% RAIA DROGASIL 18.01 ▼ 2.54% RDOR3 35.00 ▲ 1.42% HAPV3 12.60 ▲ 1.61% FLRY3 16.05 ▲ 0.82% SMTO3 17.15 ▼ 0.92% UGPA3 27.87 ▼ 2.00% VBBR3 31.87 ▼ 1.27% BBSE3 34.72 ▲ 0.29% BPAC11 55.50 ▼ 0.72% CURY3 32.08 ▲ 0.63% AERI3 2.32 ▼ 1.28% VIVARA 22.27 ▼ 2.02% COMPASS 26.85 ▼ 1.50% VAMOS 3.24 ▼ 3.86% SANB11 27.32 ▼ 1.16% ASAI3 9.11 ▼ 0.11% SBSP3 28.77 ▼ 1.13% WALMEX 54.48 ▼ 1.30% GMEXICO 213.64 ▲ 3.90% FEMSA 211.09 ▲ 0.50% CEMEX 22.67 ▲ 2.72% GFNORTE 193.33 ▲ 2.49% BIMBO 58.74 ▲ 1.35% TELEVISA 9.87 ▲ 2.28% AMX 22.48 ▲ 0.90% GAP 422.49 ▼ 0.64% ASUR 309.57 ▲ 2.59% OMA 220.55 ▼ 2.94% KOF 187.97 ▲ 0.90% GRUMA 296.82 ▲ 0.42% KIMBER 37.73 ▲ 0.03% SQM-B 72,594 ▼ 1.25% COPEC 6,390 ▼ 0.47% BSANTANDER 71.99 ▲ 0.57% FALABELLA 5,864 ▼ 1.09% ENELAM 79.00 ▲ 0.64% CENCOSUD 2,122 ▼ 3.55% CMPC 1,121 ▼ 2.09% BANCO CHILE 172.99 ▲ 0.48% LATAM AIR 23.39 ▼ 1.52% YPF 72,100 ▲ 1.51% GGAL 6,795 ▲ 5.27% PAMPA 4,790 ▲ 0.16% TXAR 654.00 ▲ 3.15% ALUAR 967.00 ▲ 3.04% TGS 8,685 — 0.00% CEPU 2,155 ▲ 3.76% MIRGOR 16,375 ▲ 0.15% COME 44.31 ▲ 1.40% LOMA NEGRA 3,418 ▲ 4.27% BYMA 289.00 ▲ 1.31% TELECOM ARG 3,790 ▲ 8.52% ECOPETROL 14.86 ▲ 7.29% BANCOLOMBIA 71.69 ▲ 8.82% GRUPO AVAL 4.66 ▲ 10.17% CREDICORP 351.75 ▲ 5.22% SOUTHERN COPPER 189.88 ▲ 5.68% BUENAVENTURA 35.09 ▲ 4.87% MERCADOLIBRE 1,648 ▼ 0.98% NUBANK 12.98 ▲ 1.96% XP 17.22 ▲ 2.38% PAGSEGURO 9.22 ▲ 0.88% STONE 11.29 ▲ 2.64% GLOBANT 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8,048 ▲ 2.55% JCI 6,130 ▼ 1.23% USD/JPY 159.29 ▲ 0.27% USD/CNY 6.7855 ▲ 0.03% DAX 25,185 ▼ 0.80% CAC 8,173 ▼ 1.03% FTSE 10,491 ▲ 0.24% MIB 49,899 ▼ 0.64% IBEX 18,291 ▼ 0.52% STOXX 628.01 ▼ 0.57% EUR/USD 1.1635 ▼ 0.07% GBP/USD 1.3450 ▼ 0.39% SPX 7,519 ▲ 0.61% DJI 50,462 ▼ 0.23% NDX 30,001 ▲ 1.76% RUT 2,921 ▲ 1.79% TSX 34,654 ▼ 0.51% VIX 17.01 ▲ 2.53% USD/CAD 1.3807 ▲ 0.03% US10Y 4.4930 ▼ 1.43% IBOV 176,589 ▼ 0.43% IPSA 10,747 ▼ 0.73% IPC MEX 69,198 ▲ 1.37% MERVAL 2,924,356 ▲ 2.75% COLCAP 2,118 ▼ 0.22% BVL PERÚ 19,767 ▲ 0.37% USD/BRL 5.03 ▲ 0.36% USD/MXN 17.28 ▲ 0.01% USD/CLP 893.35 ▼ 0.24% USD/COP 3,661 ▼ 0.50% USD/PEN 3.40 ▼ 0.35% USD/ARS 1,410 ▲ 0.64% USD/UYU 40.01 ▲ 1.62% USD/PYG 6,131 ▲ 2.87% USD/BOB 6.86 ▲ 2.19% USD/DOP 58.91 ▲ 1.50% USD/CRC 449.72 ▲ 2.46% USD/GTQ 7.62 ▲ 2.64% USD/HNL 26.62 ▲ 2.09% USD/NIO 36.62 ▲ 1.03% USD/VES 534.05 ▲ 0.79% USD/PAB 1.00 ▲ 2.20% USD/BZD 2.00 ▲ 1.63% USD/JMD 155.84 ▼ 0.14% USD/TTD 6.72 ▲ 1.01% EUR/BRL 5.85 ▲ 0.17% BRENT 96.59 ▼ 6.71% WTI 93.57 ▼ 3.14% IRON ORE 161.91 — — COPPER 6.42 ▲ 1.29% GOLD 4,507 ▼ 0.30% SILVER 77.27 ▲ 1.81% SOY 1,186 ▼ 0.92% CORN 458.00 ▼ 1.13% WHEAT 635.00 ▼ 1.74% COFFEE 272.05 ▼ 0.11% SUGAR 14.53 ▼ 1.16% ORANGE JUICE 173.00 ▲ 0.90% COTTON 77.46 ▲ 0.05% COCOA 4,152 ▲ 9.38% BEEF 239.30 ▼ 4.01% CATTLE 349.38 ▼ 0.14% LITHIUM 86.35 ▲ 1.25% PETR4 43.44 ▲ 0.09% VALE3 83.07 ▼ 0.62% ITUB4 40.06 ▼ 0.64% BBDC4 17.84 ▼ 1.27% ABEV3 16.59 ▲ 1.16% BBAS3 21.11 ▼ 2.54% B3SA3 16.94 ▼ 1.85% WEGE3 43.44 ▲ 0.30% PRIO3 64.75 ▲ 0.68% SUZB3 41.68 ▲ 0.65% RENT3 43.70 ▼ 2.67% AZZA3 20.50 ▼ 1.87% CSAN3 4.28 ▼ 2.51% RAIZ4 0.40 ▼ 2.44% PCAR3 2.01 ▼ 2.90% GMAT3 4.28 ▼ 3.82% PSSA3 48.89 ▼ 0.71% CVCB3 1.72 ▼ 3.37% POSI3 4.17 ▲ 1.71% SLCE3 16.13 ▼ 0.55% NATU3 10.40 ▼ 1.23% BRKM5 11.68 ▼ 5.81% RANI3 7.91 ▼ 1.49% CSNA3 6.69 ▼ 0.45% CMIN3 4.51 ▲ 0.45% USIM5 9.66 ▼ 3.59% GGBR4 23.61 ▼ 2.36% ENEV3 25.06 ▼ 0.63% NEOE3 33.80 — 0.00% CPFE3 43.59 ▲ 0.67% CMIG4 11.20 ▼ 0.62% EQTL3 38.60 ▲ 0.26% LREN3 15.04 ▼ 2.40% VIVT3 33.85 ▲ 0.92% RAIL3 14.25 ▼ 0.77% KLABIN 16.61 ▲ 0.36% RAIA DROGASIL 18.01 ▼ 2.54% RDOR3 35.00 ▲ 1.42% HAPV3 12.60 ▲ 1.61% FLRY3 16.05 ▲ 0.82% SMTO3 17.15 ▼ 0.92% UGPA3 27.87 ▼ 2.00% VBBR3 31.87 ▼ 1.27% BBSE3 34.72 ▲ 0.29% BPAC11 55.50 ▼ 0.72% CURY3 32.08 ▲ 0.63% AERI3 2.32 ▼ 1.28% VIVARA 22.27 ▼ 2.02% COMPASS 26.85 ▼ 1.50% VAMOS 3.24 ▼ 3.86% SANB11 27.32 ▼ 1.16% ASAI3 9.11 ▼ 0.11% SBSP3 28.77 ▼ 1.13% WALMEX 54.48 ▼ 1.30% GMEXICO 213.64 ▲ 3.90% FEMSA 211.09 ▲ 0.50% CEMEX 22.67 ▲ 2.72% GFNORTE 193.33 ▲ 2.49% BIMBO 58.74 ▲ 1.35% TELEVISA 9.87 ▲ 2.28% AMX 22.48 ▲ 0.90% GAP 422.49 ▼ 0.64% ASUR 309.57 ▲ 2.59% OMA 220.55 ▼ 2.94% KOF 187.97 ▲ 0.90% GRUMA 296.82 ▲ 0.42% KIMBER 37.73 ▲ 0.03% SQM-B 72,594 ▼ 1.25% COPEC 6,390 ▼ 0.47% BSANTANDER 71.99 ▲ 0.57% FALABELLA 5,864 ▼ 1.09% ENELAM 79.00 ▲ 0.64% CENCOSUD 2,122 ▼ 3.55% CMPC 1,121 ▼ 2.09% BANCO CHILE 172.99 ▲ 0.48% LATAM AIR 23.39 ▼ 1.52% YPF 72,100 ▲ 1.51% GGAL 6,795 ▲ 5.27% PAMPA 4,790 ▲ 0.16% TXAR 654.00 ▲ 3.15% ALUAR 967.00 ▲ 3.04% TGS 8,685 — 0.00% CEPU 2,155 ▲ 3.76% MIRGOR 16,375 ▲ 0.15% COME 44.31 ▲ 1.40% LOMA NEGRA 3,418 ▲ 4.27% BYMA 289.00 ▲ 1.31% TELECOM ARG 3,790 ▲ 8.52% ECOPETROL 14.86 ▲ 7.29% BANCOLOMBIA 71.69 ▲ 8.82% GRUPO AVAL 4.66 ▲ 10.17% CREDICORP 351.75 ▲ 5.22% SOUTHERN COPPER 189.88 ▲ 5.68% BUENAVENTURA 35.09 ▲ 4.87% MERCADOLIBRE 1,648 ▼ 0.98% NUBANK 12.98 ▲ 1.96% XP 17.22 ▲ 2.38% PAGSEGURO 9.22 ▲ 0.88% STONE 11.29 ▲ 2.64% GLOBANT 38.42 ▼ 4.26% TECNOGLASS 42.03 ▲ 2.11% GAP AIRPORT 243.68 ▲ 1.36% ASUR 309.57 ▲ 2.59% OMA AIRPORT 102.20 ▼ 0.97% AMX ADR 25.98 ▼ 0.61% FEMSA ADR 121.92 ▲ 0.53% CEMEX ADR 13.10 ▲ 4.26% PETROBRAS ADR 19.40 ▼ 2.51% VALE ADR 16.50 ▲ 0.12% ITAU ADR 7.94 ▲ 1.53% SANTANDER BR 5.46 ▲ 1.30% AMBEV ADR 3.27 ▲ 2.19% CSN 1.33 ▼ 1.48% GERDAU 4.68 ▼ 1.47% LATAM ADR 52.26 ▲ 4.75% BTC 75,914 ▼ 1.77% ETH 2,074 ▼ 1.75% SOL 83.80 ▼ 1.42% XRP 1.33 ▼ 1.33% BNB 656.18 ▼ 0.92% ADA 0.24 ▼ 1.34% DOGE 0.10 ▼ 1.05% AVAX 9.17 ▼ 1.43% LINK 9.40 ▼ 1.08% DOT 1.25 ▼ 0.81% LTC 52.07 ▼ 1.11% BCH 345.35 ▼ 1.70% TRX 0.37 ▲ 0.83% XLM 0.15 ▼ 1.48% HBAR 0.09 ▼ 1.41% NEAR 2.63 ▼ 5.47% ATOM 2.20 ▲ 3.25% AAVE 86.36 ▲ 0.07% SELIC 14.50% EMBRAER 72.38 ▼ 1.23% EMBRAER ADR 57.90 ▲ 0.56% JBS 12.98 ▼ 1.74% JBS BDR 65.00 ▼ 2.18% MBRF3 16.36 ▲ 0.74% MBRFY 3.26 ▼ 2.40% INTER 6.34 ▲ 2.92% EGX 52,659 ▼ 0.38% USD/ZAR 16.35 ▲ 0.31% USD/NGN 1,371 ▲ 0.07% NIKKEI 64,996 ▼ 0.25% CSI300 4,948 ▲ 0.53% HSI 25,599 ▼ 0.03% NIFTY 23,914 ▼ 0.49% KOSPI 8,048 ▲ 2.55% JCI 6,130 ▼ 1.23% USD/JPY 159.29 ▲ 0.27% USD/CNY 6.7855 ▲ 0.03% DAX 25,185 ▼ 0.80% CAC 8,173 ▼ 1.03% FTSE 10,491 ▲ 0.24% MIB 49,899 ▼ 0.64% IBEX 18,291 ▼ 0.52% STOXX 628.01 ▼ 0.57% EUR/USD 1.1635 ▼ 0.07% GBP/USD 1.3450 ▼ 0.39% SPX 7,519 ▲ 0.61% DJI 50,462 ▼ 0.23% NDX 30,001 ▲ 1.76% RUT 2,921 ▲ 1.79% TSX 34,654 ▼ 0.51% VIX 17.01 ▲ 2.53% USD/CAD 1.3807 ▲ 0.03% US10Y 4.4930 ▼ 1.43%
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Tuesday, May 26, 2026

Latin America Central America

Costa Rica Transition Day: Laura Fernández Begins 4-Year Term

By · May 7, 2026 · 5 min read

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Laura Fernández toma posesión as Costa Rica’s 50th president on Friday, May 8, 2026 at 11:00 local time in the Estadio Nacional, with delegations from 71 countries confirmed including King Felipe VI of Spain, Panamá’s José Raúl Mulino, Ecuador’s Daniel Noboa, and possibly Argentina’s Javier Milei, El Salvador’s Nayib Bukele, and US Secretary of State Marco Rubio.

Outgoing president Rodrigo Chaves Robles will stay in the executive as Minister of Presidencia and Hacienda, an unusual double role announced May 5 alongside the rest of the cabinet at the Teatro Melico Salazar. Pueblo Soberano holds 31 of 57 Asamblea seats, the largest single-party majority since 1990, giving Fernández a four-year governing margin Chaves never had.

Key Points

— Inauguration Friday May 8, 2026 at 11:00 in the Estadio Nacional in San José.

— Fernández won February 1 with 48.3% of the vote, becoming the second female president after Laura Chinchilla.

— Rodrigo Chaves will be Minister of Presidencia and Hacienda, both roles concurrently.

— 71 country delegations confirmed; Felipe VI, Mulino, Noboa attending in person.

— Pueblo Soberano holds 31 of 57 Asamblea seats, first single-party majority since 1990.

The Cabinet of “Continuismo”

The Rio Times, the Latin American financial news outlet, reports that Fernández unveiled her 19-ministry cabinet at the Teatro Popular Melico Salazar on May 5, framing it as a continuation of “el equipo que no afloja” rather than a new direction. Six ministers stay in their current posts, two rotate, and nine are new. First Vice-President Francisco Gamboa Soto previously served as Chaves’s Minister of Economy; Second Vice-President Douglas Soto Campos will double as Costa Rica’s ambassador to Washington at “a moment when relations with the US are key”, in Fernández’s words.

Costa Rica Transition Day: Laura Fernández Begins 4-Year Term
Costa Rica Transition Day: Laura Fernández Begins 4-Year Term. (Photo Inte

The biggest single move is the recycling of Rodrigo Chaves into the executive as Minister of Presidencia with concurrent control of Hacienda. The arrangement preserves Chaves’s political influence, fiscal control, and judicial immunity while Fernández formally holds the presidency. Chaves himself called the option “interesantísima” in February, framing it as a way to “keep serving the country” after his term-limited single mandate.

Cabinet Headlines

Manuel Tovar Rivera moves from Comercio Exterior to Relaciones Exteriores y Culto, becoming foreign minister at a moment of reset with Washington, while Justice Minister Gerald Campos Valverde takes over Seguridad Pública. Yorleny León retains the IMAS social-aid agency, and Marco Acuña stays at Caja Costarricense del Seguro Social. New names include María del Milagro Solórzano at Economy, Industry and Commerce, and Juan Gabriel Ramírez Guillén at Agriculture.

71 Country Delegations and the Inauguration Day

May 8 will be a national holiday for the public sector except for emergency, hospital, and security personnel, with the budget for the ceremony fixed at ₡100 million by the Ministry of Foreign Affairs. King Felipe VI of Spain leads the European delegation, with Panamá’s José Raúl Mulino and Ecuador’s Daniel Noboa also flying in, while possible attendees include Javier Milei of Argentina, Nayib Bukele of El Salvador, and US Secretary of State Marco Rubio. Israeli President Isaac Herzog ends a 4-day Central America tour at the inauguration after passing through Panamá.

Foreign ministers from Nicaragua, Uruguay, Perú, and Argentina also attend, along with vice-ministers from the United States, Colombia, and México. Costa Rica’s outgoing canciller Arnoldo André confirmed the figures Tuesday and noted that delegations begin arriving from May 6 onward, with names of specific delegation members kept confidential for security reasons. The CIEP-UCR poll released May 6 showed Chaves leaving with 64% approval and 73% of respondents expecting the Fernández government will improve the country’s situation.

Item Detail
Inauguration date and venue May 8, 11:00 — Estadio Nacional
Election win 48.3% on Feb 1, no runoff
Pueblo Soberano seats 31 of 57 (54%)
Chaves’s new role Min. Presidencia + Hacienda
Country delegations confirmed 71
Inauguration budget ₡100M (~US$190K)
Chaves end-of-term approval 64% (CIEP-UCR May 6)
Public expectation new gov. 73% expect improvement

Connected Coverage

For broader regional context, see our coverage of the Lula-Trump White House meeting and US-Latin America policy backdrop and our analysis of the Banxico rate decision and Mexican monetary signals across the region.

What Happens Next

  • Friday May 8, 11:00: Inauguration ceremony at the Estadio Nacional with foreign delegations and full cabinet swearing-in.
  • Week of May 11: First gabinete meetings, focus on inseguridad and crime as 50% of citizens’ top concern.
  • June 2026: SICA Secretary General terna expected from the new Fernández government after the April voting reform.

Frequently Asked Questions

When does Laura Fernández take office?

Laura Fernández toma posesión as president of Costa Rica on Friday, May 8, 2026 at 11:00 local time in the Estadio Nacional in San José, becoming the country’s 50th president and second female president after Laura Chinchilla. The ceremony includes the formal swearing-in of her 19-minister cabinet, with delegations from 71 countries confirmed in attendance. May 8 is a public-sector holiday in Costa Rica except for emergency services.

Why is Rodrigo Chaves staying as a minister?

Outgoing president Rodrigo Chaves accepted the role of Minister of Presidencia with a concurrent assignment as Minister of Hacienda, both roles announced May 5. The arrangement maintains his political influence, fiscal control, and judicial immunity inside the new government while preserving the “continuismo” framing of the Fernández project. Chaves leaves with a 64% approval rating per the CIEP-UCR May 6 survey and was the chief campaign asset behind Fernández’s 48.3% February 1 victory.

Which countries are sending delegations?

71 countries have confirmed delegations to the May 8 inauguration. Heads of state attending include King Felipe VI of Spain, Panamá’s José Raúl Mulino, and Ecuador’s Daniel Noboa, with possible attendance from Javier Milei (Argentina), Nayib Bukele (El Salvador), and US Secretary of State Marco Rubio. Foreign ministers from Nicaragua, Uruguay, Perú, and Argentina also attend, while the United States, Colombia, and México send vice-ministers, and Israeli President Isaac Herzog closes his Central America tour at the ceremony.

What is Pueblo Soberano’s legislative power?

Fernández’s Partido Pueblo Soberano (PPSO) won 31 of the 57 seats in the Asamblea Legislativa in the February 1 vote, the first single-party majority since 1990 and the largest fraction since 1982. The figure crosses the 29-seat absolute majority threshold and gives Fernández more legislative power than her predecessor Chaves ever held. Liberación Nacional comes second with 17 seats, Frente Amplio holds 7, and Coalición Democrática and Partido Social Cristiana have 1 each.

Updated: 2026-05-07T08:30:00Z by Rio Times Editorial Desk

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