IBOV 176,145 ▲ 0.23% IPSA 10,928 ▲ 0.16% IPC MEX 66,623 ▲ 0.98% MERVAL 3,230,778 ▼ 0.14% COLCAP 2,298.82 ▼ 0.38% BVL PERÚ 56,428.20 ▲ 1.62% USD/BRL5.08▼ 1.20% USD/MXN17.42▼ 0.62% USD/CLP923.08▼ 1.05% USD/COP3,254▼ 0.25% USD/PEN3.39▼ 0.64% USD/ARS1,473▼ 0.71% USD/UYU40.23▲ 0.99% USD/PYG6,039▲ 1.12% USD/BOB10.35▲ 6.04% USD/DOP58.31▲ 0.39% USD/CRC448.93▲ 1.31% USD/GTQ7.62▲ 2.07% USD/HNL26.73▲ 1.38% USD/NIO36.62▲ 0.63% USD/VES722.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.64% USD/TTD6.75▲ 1.19% EUR/BRL5.80▼ 0.34% BRENT 84.81 ▲ 1.81% WTI 78.99 ▲ 1.09% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,070 ▲ 1.83% SILVER 59.21 ▲ 2.73% SOY 1,192 ▼ 0.87% CORN 459.75 ▲ 5.03% WHEAT 645.00 ▲ 2.87% COFFEE 333.25 ▼ 2.39% SUGAR 14.88 ▲ 0.88% ORANGE JUICE 139.15 ▼ 2.39% COTTON 81.68 ▲ 2.32% COCOA 5,849 ▲ 2.69% BEEF 231.70 ▼ 1.29% CATTLE 349.25 ▼ 1.44% LITHIUM 71.43 ▲ 1.69% PETR4 40.78 ▲ 0.30% VALE3 73.94 ▲ 1.50% ITUB4 43.47 ▼ 0.11% BBDC4 18.61 ▼ 0.85% ABEV3 15.89 ▲ 0.38% BBAS3 20.48 ▲ 1.19% B3SA3 15.30 ▲ 1.19% WEGE3 44.23 ▼ 0.36% PRIO3 56.91 ▼ 0.51% SUZB3 41.05 ▼ 1.06% RENT3 40.27 ▲ 0.17% AZZA3 18.86 ▼ 1.87% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.23 ▼ 4.04% USIM5 8.24 ▼ 1.67% GGBR4 23.10 ▲ 1.23% ENEV3 26.90 ▲ 0.07% CPFE3 47.01 ▲ 0.36% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.11 ▲ 1.09% RAIL3 14.13 ▲ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.39 ▲ 1.04% RDOR3 35.58 ▲ 0.06% HAPV3 10.63 ▲ 1.63% FLRY3 16.27 ▲ 0.74% SMTO3 16.11 ▼ 1.59% UGPA3 30.12 ▼ 2.62% VBBR3 32.90 ▲ 0.43% BBSE3 40.15 ▼ 0.32% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.25 ▲ 0.61% COMPASS 25.10 ▲ 1.33% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.31 ▼ 0.20% WALMEX 49.46 ▼ 0.38% GMEXICO 201.60 ▲ 3.07% FEMSA 233.13 ▲ 3.45% CEMEX 22.10 ▲ 1.47% GFNORTE 186.49 ▲ 2.43% BIMBO 56.23 ▲ 0.64% TELEVISA 9.38 ▼ 2.39% AMX 22.86 ▲ 1.20% GAP 387.64 ▼ 5.03% ASUR 277.70 ▼ 0.34% OMA 234.10 ▲ 0.33% KOF 182.19 ▲ 0.28% GRUMA 282.64 ▲ 0.45% KIMBER 38.43 ▲ 0.55% SQM-B 67,600 ▲ 0.58% COPEC 6,070 ▲ 0.21% BSANTANDER 78.76 ▲ 0.72% FALABELLA 5,906 ▲ 0.02% ENELAM 85.35 ▲ 1.37% CENCOSUD 2,070 ▲ 1.47% CMPC 1,082 ▲ 0.38% BANCO CHILE 188.39 ▲ 1.83% LATAM AIR 24.51 ▼ 1.57% YPF 77,100 ▼ 0.10% GGAL 8,050 ▼ 0.37% PAMPA 5,210 ▼ 0.29% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,680 ▲ 1.15% CEPU 2,294 ▼ 1.08% MIRGOR 16,800 ▼ 1.18% COME 45.14 ▲ 0.80% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.97 ▲ 0.54% BANCOLOMBIA 81.87 ▲ 1.80% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 391.65 ▲ 0.62% SOUTHERN COPPER 180.22 ▲ 3.26% BUENAVENTURA 30.73 ▲ 3.03% MERCADOLIBRE 1,873 ▲ 0.29% NUBANK 13.98 ▲ 2.23% XP 16.76 ▲ 2.35% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.49% GLOBANT 31.79 ▼ 1.03% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.56 ▼ 4.39% ASUR 277.70 ▼ 0.34% OMA AIRPORT 107.54 ▲ 1.33% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 133.90 ▲ 3.79% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.98 ▲ 0.53% VALE ADR 14.54 ▲ 2.56% ITAU ADR 8.55 ▲ 0.97% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.10 ▲ 1.31% CSN 1.01 ▼ 1.94% GERDAU 4.57 ▲ 1.67% LATAM ADR 53.43 ▲ 0.19% BTC 64,775 ▲ 4.07% ETH 1,874 ▲ 5.64% SOL 77.29 ▲ 3.24% XRP 1.11 ▲ 3.85% BNB 582.36 ▲ 2.78% ADA 0.17 ▲ 5.83% DOGE 0.08 ▲ 4.55% AVAX 6.67 ▲ 3.50% LINK 8.30 ▲ 5.45% DOT 0.86 ▲ 2.69% LTC 44.85 ▲ 3.13% BCH 239.14 ▲ 1.23% TRX 0.32 ▲ 0.26% XLM 0.19 ▲ 2.59% HBAR 0.07 ▲ 0.60% NEAR 2.04 ▲ 6.27% ATOM 1.56 ▲ 1.24% AAVE 100.09 ▲ 6.07% SELIC 14.25% EMBRAER 82.89 ▼ 0.14% EMBRAER ADR 65.27 ▲ 1.23% JBS 11.86 ▲ 0.51% JBS BDR 60.20 ▼ 0.68% MBRF3 15.97 ▲ 1.59% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.35% EGX 52,299 ▼ 0.59% USD/ZAR16.37▼ 0.64% USD/NGN1,381▲ 0.07% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY162.15▼ 0.18% USD/CNY6.76▼ 0.31% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD1.14▲ 0.45% GBP/USD1.34▲ 0.01% SPX 7,534 ▲ 0.25% DJI 52,367 ▼ 0.25% NDX 29,581 ▲ 1.08% RUT 2,966 ▲ 0.45% TSX 35,343 ▲ 0.26% VIX 16.64 ▼ 3.03% USD/CAD1.41▼ 0.63% US10Y 4.5870 ▼ 0.48% IBOV 176,145 ▲ 0.23% IPSA 10,928 ▲ 0.16% IPC MEX 66,623 ▲ 0.98% MERVAL 3,230,778 ▼ 0.14% COLCAP 2,298.82 ▼ 0.38% BVL PERÚ 56,428.20 ▲ 1.62% USD/BRL 5.08 ▼ 1.18% USD/MXN 17.43 ▼ 0.58% USD/CLP 923.23 ▼ 1.04% USD/COP 3,255 ▼ 0.22% USD/PEN 3.39 ▼ 0.64% USD/ARS 1,473 ▼ 0.71% USD/UYU 40.23 ▲ 0.99% USD/PYG 6,039 ▲ 1.12% USD/BOB 10.35 ▲ 6.04% USD/DOP 58.31 ▲ 0.39% USD/CRC 448.93 ▲ 1.31% USD/GTQ 7.62 ▲ 2.07% USD/HNL 26.73 ▲ 1.38% USD/NIO 36.62 ▲ 0.63% USD/VES 722.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.64% USD/TTD 6.75 ▲ 1.19% EUR/BRL 5.80 ▼ 0.34% BRENT 84.81 ▲ 1.81% WTI 78.99 ▲ 1.09% IRON ORE 161.91 — — COPPER 6.38 ▲ 2.42% GOLD 4,070 ▲ 1.83% SILVER 59.21 ▲ 2.73% SOY 1,192 ▼ 0.87% CORN 459.75 ▲ 5.03% WHEAT 645.00 ▲ 2.87% COFFEE 333.25 ▼ 2.39% SUGAR 14.88 ▲ 0.88% ORANGE JUICE 139.15 ▼ 2.39% COTTON 81.68 ▲ 2.32% COCOA 5,849 ▲ 2.69% BEEF 231.70 ▼ 1.29% CATTLE 349.25 ▼ 1.44% LITHIUM 71.43 ▲ 1.69% PETR4 40.78 ▲ 0.30% VALE3 73.94 ▲ 1.50% ITUB4 43.47 ▼ 0.11% BBDC4 18.61 ▼ 0.85% ABEV3 15.89 ▲ 0.38% BBAS3 20.48 ▲ 1.19% B3SA3 15.30 ▲ 1.19% WEGE3 44.23 ▼ 0.36% PRIO3 56.91 ▼ 0.51% SUZB3 41.05 ▼ 1.06% RENT3 40.27 ▲ 0.17% AZZA3 18.86 ▼ 1.87% CSAN3 3.89 ▼ 0.26% RAIZ4 0.32 ▼ 3.03% PCAR3 2.47 ▼ 4.63% GMAT3 3.95 ▲ 0.25% PSSA3 53.98 ▼ 0.11% CVCB3 1.27 ▲ 1.60% POSI3 3.94 ▼ 1.25% SLCE3 13.67 ▼ 1.44% NATU3 8.50 ▼ 1.16% BRKM5 6.66 ▼ 4.03% RANI3 8.01 ▲ 0.75% CSNA3 5.12 ▼ 2.29% CMIN3 5.23 ▼ 4.04% USIM5 8.24 ▼ 1.67% GGBR4 23.10 ▲ 1.23% ENEV3 26.90 ▲ 0.07% CPFE3 47.01 ▲ 0.36% CMIG4 11.10 ▲ 0.27% EQTL3 40.56 ▲ 0.87% LREN3 14.12 ▼ 0.21% VIVT3 35.11 ▲ 1.09% RAIL3 14.13 ▲ 0.14% KLABIN 17.34 ▼ 0.80% RAIA DROGASIL 18.39 ▲ 1.04% RDOR3 35.58 ▲ 0.06% HAPV3 10.63 ▲ 1.63% FLRY3 16.27 ▲ 0.74% SMTO3 16.11 ▼ 1.59% UGPA3 30.12 ▼ 2.62% VBBR3 32.90 ▲ 0.43% BBSE3 40.15 ▼ 0.32% BPAC11 57.89 ▲ 0.64% CURY3 32.78 ▼ 1.03% AERI3 2.09 ▲ 0.48% VIVARA 23.25 ▲ 0.61% COMPASS 25.10 ▲ 1.33% VAMOS 3.05 ▲ 0.99% SANB11 27.28 ▼ 0.33% ASAI3 8.65 ▼ 0.69% SBSP3 30.31 ▼ 0.20% WALMEX 49.46 ▼ 0.38% GMEXICO 201.60 ▲ 3.07% FEMSA 233.13 ▲ 3.45% CEMEX 22.10 ▲ 1.47% GFNORTE 186.49 ▲ 2.43% BIMBO 56.23 ▲ 0.64% TELEVISA 9.38 ▼ 2.39% AMX 22.86 ▲ 1.20% GAP 387.64 ▼ 5.03% ASUR 277.70 ▼ 0.34% OMA 234.10 ▲ 0.33% KOF 182.19 ▲ 0.28% GRUMA 282.64 ▲ 0.45% KIMBER 38.43 ▲ 0.55% SQM-B 67,600 ▲ 0.58% COPEC 6,070 ▲ 0.21% BSANTANDER 78.76 ▲ 0.72% FALABELLA 5,906 ▲ 0.02% ENELAM 85.35 ▲ 1.37% CENCOSUD 2,070 ▲ 1.47% CMPC 1,082 ▲ 0.38% BANCO CHILE 188.39 ▲ 1.83% LATAM AIR 24.51 ▼ 1.57% YPF 77,100 ▼ 0.10% GGAL 8,050 ▼ 0.37% PAMPA 5,210 ▼ 0.29% TXAR 665.00 ▲ 0.08% ALUAR 961.00 ▼ 0.36% TGS 9,680 ▲ 1.15% CEPU 2,294 ▼ 1.08% MIRGOR 16,800 ▼ 1.18% COME 45.14 ▲ 0.80% LOMA NEGRA 3,540 ▲ 1.22% BYMA 306.00 ▼ 0.73% TELECOM ARG 4,250 — 0.00% ECOPETROL 15.97 ▲ 0.54% BANCOLOMBIA 81.87 ▲ 1.80% GRUPO AVAL 4.93 ▲ 0.41% CREDICORP 391.65 ▲ 0.62% SOUTHERN COPPER 180.22 ▲ 3.26% BUENAVENTURA 30.73 ▲ 3.03% MERCADOLIBRE 1,873 ▲ 0.29% NUBANK 13.98 ▲ 2.23% XP 16.76 ▲ 2.35% PAGSEGURO 9.24 ▼ 0.48% STONE 11.21 ▲ 0.49% GLOBANT 31.79 ▼ 1.03% TECNOGLASS 43.43 ▲ 1.37% GAP AIRPORT 222.56 ▼ 4.39% ASUR 277.70 ▼ 0.34% OMA AIRPORT 107.54 ▲ 1.33% AMX ADR 26.17 ▲ 0.54% FEMSA ADR 133.90 ▲ 3.79% CEMEX ADR 12.72 ▲ 2.13% PETROBRAS ADR 17.98 ▲ 0.53% VALE ADR 14.54 ▲ 2.56% ITAU ADR 8.55 ▲ 0.97% SANTANDER BR 5.39 ▲ 0.75% AMBEV ADR 3.10 ▲ 1.31% CSN 1.01 ▼ 1.94% GERDAU 4.57 ▲ 1.67% LATAM ADR 53.43 ▲ 0.19% BTC 64,775 ▲ 4.07% ETH 1,874 ▲ 5.64% SOL 77.29 ▲ 3.24% XRP 1.11 ▲ 3.85% BNB 582.36 ▲ 2.78% ADA 0.17 ▲ 5.83% DOGE 0.08 ▲ 4.55% AVAX 6.67 ▲ 3.50% LINK 8.30 ▲ 5.45% DOT 0.86 ▲ 2.69% LTC 44.85 ▲ 3.13% BCH 239.14 ▲ 1.23% TRX 0.32 ▲ 0.26% XLM 0.19 ▲ 2.59% HBAR 0.07 ▲ 0.60% NEAR 2.04 ▲ 6.27% ATOM 1.56 ▲ 1.24% AAVE 100.09 ▲ 6.07% SELIC 14.25% EMBRAER 82.89 ▼ 0.14% EMBRAER ADR 65.27 ▲ 1.23% JBS 11.86 ▲ 0.51% JBS BDR 60.20 ▼ 0.68% MBRF3 15.97 ▲ 1.59% MBRFY 3.10 ▲ 1.64% INTER 5.67 ▲ 0.35% EGX 52,299 ▼ 0.59% USD/ZAR 16.37 ▼ 0.52% USD/NGN 1,381 ▲ 0.20% NIKKEI 67,744 ▲ 0.74% CSI300 4,797 ▲ 2.15% HSI 24,341 ▲ 0.52% NIFTY 24,052 ▼ 0.66% KOSPI 6,857 ▲ 0.73% JCI 6,040 ▲ 0.03% USD/JPY 162.15 ▼ 0.17% USD/CNY 6.7592 ▼ 0.17% DAX 25,147 ▲ 0.13% CAC 8,367 ▲ 0.03% FTSE 10,529 ▲ 0.30% MIB 52,863 ▲ 0.10% IBEX 19,357 ▲ 0.11% STOXX 642.10 ▲ 0.17% EUR/USD 1.1434 ▲ 0.41% GBP/USD 1.3388 ▲ 0.29% SPX 7,534 ▲ 0.25% DJI 52,367 ▼ 0.25% NDX 29,581 ▲ 1.08% RUT 2,966 ▲ 0.45% TSX 35,343 ▲ 0.26% VIX 16.64 ▼ 3.03% USD/CAD 1.4066 ▼ 0.61% US10Y 4.5870 ▼ 0.48%
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Tuesday, July 14, 2026

Latin America Central America

Costa Rica’s Political Reset: Why Top Government Figures Are Stepping Down Before Elections

By · July 31, 2025 · 2 min read

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On July 30, 2025, President Rodrigo Chaves of Costa Rica announced the resignation of seven major cabinet members, including Vice President Stephan Brunner and Finance Minister Nogui Acosta.

This unusual wave of resignations was not sparked by scandal, but by a strict national law: anyone holding a high government post must resign by July 31, 2025, if they want to compete in the general elections on February 1, 2026.

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Joining Brunner and Acosta in stepping down were the Ministers for Planning, Housing, and Women’s Affairs and the leaders of Costa Rica’s water services and the social protection board.

President Chaves himself appeared publicly to confirm he would remain through his term—even as speculation swirled about his political future.

Legally, sitting presidents in Costa Rica cannot run for immediate re-election, so those seeking a continued political career often leave early to pursue legislative seats.

Costa Rica’s Political Reset: Why Top Government Figures Are Stepping Down Before Elections
Costa Rica’s Political Reset: Why Top Government Figures Are Stepping Down Before Elections. (Photo Internet reproduction)
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The real story beneath these numbers is political strategy, not instability. The resignations clear the way for these officials to run for office under the new Partido Pueblo Soberano (PPSO), now the ruling group’s main party.

By making their moves early and in unison, Chaves’s circle aims to keep policy direction stable and secure a bigger influence in the next congress, which typically drives most of the country’s major decisions.

Costa Rica’s Cabinet Shakeup

In Costa Rica’s system, where Congress can limit what presidents accomplish, assembling a larger, loyal bloc in the legislature is critical for anyone hoping to push through reforms on tough issues like security and labor policy.

Official records and statements show Costa Rica maintains a reputation for steady democracy and regular elections. These resignations are a built-in safeguard.

They prevent officials from using government offices to boost election chances and help assure ordinary citizens that the political deck isn’t stacked.

Still, the timing reveals a defensive posture: President Chaves’s administration faces public dissatisfaction over rising violence and deepening political divides, even while personal approval ratings remain above 50% this year.

Legal complaints still follow the president, making the stability of his team in the next parliament more than a personal matter—it has real consequences for investment flows, social policy, and the pace of reforms.

Business leaders, investors, and anyone watching Costa Rica’s politics can read this coordinated cabinet exit as more than administrative reshuffling. It’s a strategic play to strengthen the current administration’s political muscle through entirely legal, open means.

The practical outcome: Costa Rica shows how transparent rules can drive high-stakes political plans, demonstrating a stable—but contested—democracy at work.

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