IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,866.61 ▼ 0.87% MERVAL 3,049,121 ▼ 0.29% COLCAP 2,544.56 ▲ 0.40% BVL PERÚ 59,978.22 ▼ 0.31% USD/BRL5.12▼ 0.03% USD/MXN16.90▲ 0.10% USD/CLP933.68— 0.00% USD/COP3,125— 0.00% USD/PEN3.35▼ 0.34% USD/ARS1,509▲ 0.01% USD/UYU40.24▲ 1.33% USD/PYG5,947▲ 1.88% USD/BOB12.40▲ 3.56% USD/DOP59.00▲ 0.85% USD/CRC448.67▲ 1.78% USD/GTQ7.63▲ 2.28% USD/HNL26.84▲ 0.28% USD/NIO36.62— 0.00% USD/VES805.37▼ 0.90% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.71▲ 1.02% EUR/BRL5.95▲ 0.91% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,147.15 ▼ 0.02% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,866.61 ▼ 0.87% MERVAL 3,049,121 ▼ 0.29% COLCAP 2,544.56 ▲ 0.40% BVL PERÚ 59,978.22 ▼ 0.31% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Sunday, September 6, 2026

Runoff Or Knockout: Costa Rica’s Sunday Vote Hinges On One Number

By · January 30, 2026 · 2 min read

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Key Points

  • A Chaves-aligned candidate is near 40%, the level that can end the race on February 1.
  • Record violence is pushing voters toward harder security measures, including an emergency-style option.
  • The deeper stake is institutional, as courts and constitutional rules could be rewritten after the vote.

Costa Rica votes on February 1, 2026. If a ticket wins 40% of votes, it wins outright. If not, the top two go to a runoff on April 5.

That math explains the opposition’s strategy. It is trying to hold the front-runner below 40%. It hopes to unify in round two. The field is crowded, with 20 presidential candidacies.

The favorite is Laura Fernández of the Partido Pueblo Soberano. She is backed by President Rodrigo Chaves. The University of Costa Rica’s CIEP poll put her near 44% among likely voters. A small shift could still force April.

Runoff Or Knockout: Costa Rica’s Sunday Vote Hinges On One Number.
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Her challengers are split. Álvaro Ramos of the PLN has polled around 9%. Claudia Dobles of Agenda Ciudadana has been near him. She is linked to the 2018–2022 government of Carlos Alvarado.

Ariel Robles of the Frente Amplio has been near 4%. José Aguilar Berrocal of Avanza has been near 3%. He is tied by family to Nayib Bukele.

Costa Rica Election Hinges On Security

Juan Carlos Hidalgo of the PUSC has risen late. Fabricio Alvarado has fallen to about 1.5%.Turnout may decide the threshold. About 3.7 million Costa Ricans can vote. Around 26% said they were undecided late.

In 2022, abstention was about 40%. Another drop would magnify late swings. Crime is the campaign’s organizing fact. Costa Rica has no army and sold stability.

Drug routes and port battles have brought more violence. More than 900 homicides were recorded in 2023, the deadliest year on record.

Fernández signals tougher enforcement and echoes El Salvador’s approach. In debates, candidates discussed a “state of exception” style tool.

Critics warn it can enable abuses and political pressure. Social media has sharpened the tone. Chaves also pushes constitutional change to “clean up” the judiciary and empower the executive.

He cannot run again before 2034. Opponents argue new rules could reshape that limit. A strong bloc in the 57-seat legislature would speed reforms.

Related coverage: Brazil’s Morning Call | Panama’s Supreme Court Just Upended a Key China-Linked Prese This is part of The Rio Times’ daily coverage of Latin American news and financial markets.

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