IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL5.11▲ 0.16% USD/MXN17.53▲ 0.61% USD/CLP934.38▲ 1.01% USD/COP3,254▲ 0.71% USD/PEN3.41▲ 0.75% USD/ARS1,478▲ 0.17% USD/UYU40.23▲ 1.74% USD/PYG6,032▲ 1.81% USD/BOB10.65▲ 4.37% USD/DOP58.24▲ 1.37% USD/CRC446.12▲ 1.44% USD/GTQ7.62▲ 2.73% USD/HNL26.73▲ 1.94% USD/NIO36.62▲ 1.17% USD/VES730.65▲ 0.57% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.62▲ 0.89% USD/TTD6.74▲ 1.70% EUR/BRL5.84▲ 0.14% BRENT 87.89 ▲ 4.35% WTI 81.56 ▲ 3.31% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.46% GOLD 4,017 ▲ 0.79% SILVER 56.36 ▲ 0.82% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.35 ▼ 0.74% PETR4 40.87 ▲ 2.46% VALE3 72.61 ▼ 0.51% ITUB4 41.90 ▼ 1.53% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.30 ▼ 2.22% B3SA3 15.23 ▼ 1.04% WEGE3 43.53 ▲ 0.09% PRIO3 57.75 ▲ 1.69% SUZB3 41.91 ▲ 0.50% RENT3 38.10 ▼ 1.96% AZZA3 18.36 ▼ 0.92% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.56 ▼ 1.16% GMAT3 3.91 ▼ 0.26% PSSA3 54.96 ▼ 0.47% CVCB3 1.26 ▼ 6.67% POSI3 3.77 ▼ 2.84% SLCE3 13.51 ▼ 0.73% NATU3 8.58 ▲ 0.23% BRKM5 6.24 ▲ 2.30% RANI3 7.96 ▼ 1.49% CSNA3 5.04 ▼ 1.18% CMIN3 5.29 ▼ 2.94% USIM5 8.25 ▲ 4.43% GGBR4 23.97 ▲ 0.25% ENEV3 25.86 ▼ 0.35% CPFE3 47.12 ▼ 0.15% CMIG4 11.16 ▲ 0.63% EQTL3 39.49 ▼ 0.90% LREN3 13.27 ▼ 2.78% VIVT3 35.71 ▲ 0.68% RAIL3 13.75 ▼ 1.29% KLABIN 17.53 ▲ 0.98% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.67 ▼ 0.56% HAPV3 11.37 ▲ 3.84% FLRY3 16.65 ▲ 1.40% SMTO3 15.44 ▼ 1.78% UGPA3 32.09 ▲ 0.31% VBBR3 34.71 ▲ 0.99% BBSE3 40.83 ▼ 0.85% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.03 ▲ 0.50% VIVARA 22.67 ▼ 2.91% COMPASS 24.80 ▼ 0.44% VAMOS 3.20 ▲ 1.27% SANB11 26.68 ▼ 0.56% ASAI3 8.42 ▼ 1.64% SBSP3 29.25 ▼ 0.17% WALMEX 49.67 ▲ 0.22% GMEXICO 200.38 ▲ 0.57% FEMSA 223.83 ▼ 0.55% CEMEX 22.62 ▼ 0.70% GFNORTE 180.40 ▲ 0.01% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.16 ▲ 1.67% GAP 387.06 ▼ 1.20% ASUR 279.69 ▼ 0.44% OMA 231.07 ▼ 0.87% KOF 180.00 ▲ 0.58% GRUMA 286.30 ▼ 0.02% KIMBER 38.65 ▼ 0.34% SQM-B 65,141 ▼ 1.38% COPEC 6,203 ▲ 1.26% BSANTANDER 77.23 ▼ 1.19% FALABELLA 5,886 ▲ 0.57% ENELAM 84.80 — 0.00% CENCOSUD 2,001 ▼ 0.20% CMPC 1,080 ▲ 0.56% BANCO CHILE 188.46 ▼ 0.22% LATAM AIR 24.93 ▼ 1.85% YPF 77,600 ▲ 2.00% GGAL 7,795 ▼ 0.89% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 945.00 ▲ 0.53% TGS 9,350 ▼ 0.37% CEPU 2,259 ▼ 0.04% MIRGOR 16,525 ▼ 1.34% COME 43.93 ▼ 1.19% LOMA NEGRA 3,515 ▼ 1.19% BYMA 300.00 ▼ 0.50% TELECOM ARG 4,170 ▼ 0.24% ECOPETROL 15.99 ▲ 1.20% BANCOLOMBIA 80.23 ▲ 0.96% GRUPO AVAL 4.96 ▼ 0.20% CREDICORP 389.78 ▲ 0.60% SOUTHERN COPPER 172.72 ▼ 1.68% BUENAVENTURA 30.15 ▼ 0.07% MERCADOLIBRE 1,822 ▼ 1.93% NUBANK 13.61 ▼ 1.34% XP 16.70 ▲ 0.09% PAGSEGURO 9.08 ▼ 0.77% STONE 11.11 ▼ 0.85% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.40 ▼ 3.06% GAP AIRPORT 220.62 ▼ 2.06% ASUR 279.69 ▼ 0.44% OMA AIRPORT 105.47 ▼ 1.63% AMX ADR 26.37 ▲ 0.89% FEMSA ADR 127.72 ▼ 1.37% CEMEX ADR 12.94 ▼ 1.26% PETROBRAS ADR 17.90 ▲ 2.46% VALE ADR 14.18 ▼ 0.30% ITAU ADR 8.18 ▼ 1.45% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 ▼ 0.11% LATAM ADR 52.75 ▼ 0.81% BTC 64,291 ▲ 0.79% ETH 1,845 ▼ 0.96% SOL 75.22 ▼ 0.07% XRP 1.09 ▲ 0.54% BNB 567.29 ▼ 0.86% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.48% AVAX 6.62 ▲ 1.74% LINK 8.24 ▼ 1.09% DOT 0.86 ▼ 0.09% LTC 45.06 ▲ 0.26% BCH 220.45 ▼ 0.53% TRX 0.32 ▼ 0.07% XLM 0.19 ▲ 1.07% HBAR 0.07 ▼ 0.49% NEAR 1.93 ▼ 1.86% ATOM 1.52 ▲ 0.95% AAVE 90.88 ▼ 0.27% SELIC 14.25% EMBRAER 82.08 ▲ 0.38% EMBRAER ADR 64.24 ▼ 0.20% JBS 11.81 ▼ 1.87% JBS BDR 60.20 ▼ 2.11% MBRF3 14.72 ▼ 3.73% MBRFY 2.91 ▼ 0.68% INTER 5.38 ▼ 2.98% IBOV 173,768.17 ▼ 0.03% IPSA 10,913.99 ▼ 0.31% IPC MEX 66,358.81 ▼ 0.08% MERVAL 3,187,056 ▲ 0.06% COLCAP 2,287.57 ▲ 0.11% BVL PERÚ 57,220.16 — — USD/BRL 5.11 ▲ 0.16% USD/MXN 17.53 ▲ 0.61% USD/CLP 934.36 ▲ 1.01% USD/COP 3,254 ▲ 0.71% USD/PEN 3.41 ▲ 0.75% USD/ARS 1,478 ▲ 0.17% USD/UYU 40.23 ▲ 1.74% USD/PYG 6,032 ▲ 1.81% USD/BOB 10.65 ▲ 4.37% USD/DOP 58.24 ▲ 1.37% USD/CRC 446.12 ▲ 1.44% USD/GTQ 7.62 ▲ 2.73% USD/HNL 26.73 ▲ 1.94% USD/NIO 36.62 ▲ 1.17% USD/VES 730.65 ▲ 0.57% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.62 ▲ 0.89% USD/TTD 6.74 ▲ 1.70% EUR/BRL 5.84 ▲ 0.14% BRENT 87.89 ▲ 4.35% WTI 81.56 ▲ 3.31% IRON ORE 161.91 — — COPPER 6.27 ▼ 0.46% GOLD 4,017 ▲ 0.79% SILVER 56.36 ▲ 0.82% SOY 1,203 ▲ 0.63% CORN 468.25 ▲ 6.06% WHEAT 684.75 ▲ 1.48% COFFEE 321.10 ▼ 0.06% SUGAR 14.82 ▲ 2.63% ORANGE JUICE 139.35 ▲ 4.15% COTTON 78.93 ▲ 1.60% COCOA 5,610 ▲ 7.55% BEEF 220.63 ▼ 2.84% CATTLE 339.08 ▼ 2.17% LITHIUM 68.35 ▼ 0.74% PETR4 40.87 ▲ 2.46% VALE3 72.61 ▼ 0.51% ITUB4 41.90 ▼ 1.53% BBDC4 18.24 ▼ 0.92% ABEV3 15.54 ▼ 0.38% BBAS3 20.30 ▼ 2.22% B3SA3 15.23 ▼ 1.04% WEGE3 43.53 ▲ 0.09% PRIO3 57.75 ▲ 1.69% SUZB3 41.91 ▲ 0.50% RENT3 38.10 ▼ 1.96% AZZA3 18.36 ▼ 0.92% CSAN3 3.87 ▼ 0.26% RAIZ4 0.27 ▼ 6.90% PCAR3 2.56 ▼ 1.16% GMAT3 3.91 ▼ 0.26% PSSA3 54.96 ▼ 0.47% CVCB3 1.26 ▼ 6.67% POSI3 3.77 ▼ 2.84% SLCE3 13.51 ▼ 0.73% NATU3 8.58 ▲ 0.23% BRKM5 6.24 ▲ 2.30% RANI3 7.96 ▼ 1.49% CSNA3 5.04 ▼ 1.18% CMIN3 5.29 ▼ 2.94% USIM5 8.25 ▲ 4.43% GGBR4 23.97 ▲ 0.25% ENEV3 25.86 ▼ 0.35% CPFE3 47.12 ▼ 0.15% CMIG4 11.16 ▲ 0.63% EQTL3 39.49 ▼ 0.90% LREN3 13.27 ▼ 2.78% VIVT3 35.71 ▲ 0.68% RAIL3 13.75 ▼ 1.29% KLABIN 17.53 ▲ 0.98% RAIA DROGASIL 18.41 ▼ 0.59% RDOR3 35.67 ▼ 0.56% HAPV3 11.37 ▲ 3.84% FLRY3 16.65 ▲ 1.40% SMTO3 15.44 ▼ 1.78% UGPA3 32.09 ▲ 0.31% VBBR3 34.71 ▲ 0.99% BBSE3 40.83 ▼ 0.85% BPAC11 56.18 ▼ 0.72% CURY3 30.67 ▼ 1.98% AERI3 2.03 ▲ 0.50% VIVARA 22.67 ▼ 2.91% COMPASS 24.80 ▼ 0.44% VAMOS 3.20 ▲ 1.27% SANB11 26.68 ▼ 0.56% ASAI3 8.42 ▼ 1.64% SBSP3 29.25 ▼ 0.17% WALMEX 49.67 ▲ 0.22% GMEXICO 200.38 ▲ 0.57% FEMSA 223.83 ▼ 0.55% CEMEX 22.62 ▼ 0.70% GFNORTE 180.40 ▲ 0.01% BIMBO 58.00 ▲ 0.14% TELEVISA 9.60 ▲ 0.95% AMX 23.16 ▲ 1.67% GAP 387.06 ▼ 1.20% ASUR 279.69 ▼ 0.44% OMA 231.07 ▼ 0.87% KOF 180.00 ▲ 0.58% GRUMA 286.30 ▼ 0.02% KIMBER 38.65 ▼ 0.34% SQM-B 65,141 ▼ 1.38% COPEC 6,203 ▲ 1.26% BSANTANDER 77.23 ▼ 1.19% FALABELLA 5,886 ▲ 0.57% ENELAM 84.80 — 0.00% CENCOSUD 2,001 ▼ 0.20% CMPC 1,080 ▲ 0.56% BANCO CHILE 188.46 ▼ 0.22% LATAM AIR 24.93 ▼ 1.85% YPF 77,600 ▲ 2.00% GGAL 7,795 ▼ 0.89% PAMPA 5,175 ▲ 1.27% TXAR 664.00 ▲ 0.30% ALUAR 945.00 ▲ 0.53% TGS 9,350 ▼ 0.37% CEPU 2,259 ▼ 0.04% MIRGOR 16,525 ▼ 1.34% COME 43.93 ▼ 1.19% LOMA NEGRA 3,515 ▼ 1.19% BYMA 300.00 ▼ 0.50% TELECOM ARG 4,170 ▼ 0.24% ECOPETROL 15.99 ▲ 1.20% BANCOLOMBIA 80.23 ▲ 0.96% GRUPO AVAL 4.96 ▼ 0.20% CREDICORP 389.78 ▲ 0.60% SOUTHERN COPPER 172.72 ▼ 1.68% BUENAVENTURA 30.15 ▼ 0.07% MERCADOLIBRE 1,822 ▼ 1.93% NUBANK 13.61 ▼ 1.34% XP 16.70 ▲ 0.09% PAGSEGURO 9.08 ▼ 0.77% STONE 11.11 ▼ 0.85% GLOBANT 32.63 ▲ 1.34% TECNOGLASS 45.40 ▼ 3.06% GAP AIRPORT 220.62 ▼ 2.06% ASUR 279.69 ▼ 0.44% OMA AIRPORT 105.47 ▼ 1.63% AMX ADR 26.37 ▲ 0.89% FEMSA ADR 127.72 ▼ 1.37% CEMEX ADR 12.94 ▼ 1.26% PETROBRAS ADR 17.90 ▲ 2.46% VALE ADR 14.18 ▼ 0.30% ITAU ADR 8.18 ▼ 1.45% SANTANDER BR 5.24 ▼ 1.04% AMBEV ADR 3.02 ▼ 1.15% CSN 0.99 ▼ 0.73% GERDAU 4.72 ▼ 0.11% LATAM ADR 52.75 ▼ 0.81% BTC 64,291 ▲ 0.79% ETH 1,845 ▼ 0.96% SOL 75.22 ▼ 0.07% XRP 1.09 ▲ 0.54% BNB 567.29 ▼ 0.86% ADA 0.17 ▲ 3.38% DOGE 0.07 ▲ 0.48% AVAX 6.62 ▲ 1.74% LINK 8.24 ▼ 1.09% DOT 0.86 ▼ 0.09% LTC 45.06 ▲ 0.26% BCH 220.45 ▼ 0.53% TRX 0.32 ▼ 0.07% XLM 0.19 ▲ 1.07% HBAR 0.07 ▼ 0.49% NEAR 1.93 ▼ 1.86% ATOM 1.52 ▲ 0.95% AAVE 90.88 ▼ 0.27% SELIC 14.25% EMBRAER 82.08 ▲ 0.38% EMBRAER ADR 64.24 ▼ 0.20% JBS 11.81 ▼ 1.87% JBS BDR 60.20 ▼ 2.11% MBRF3 14.72 ▼ 3.73% MBRFY 2.91 ▼ 0.68% INTER 5.38 ▼ 2.98%
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Friday, July 17, 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. (Photo Internet reproduction)
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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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