Politics of Costa Rica approved in 1969 limits presidents and deputies to one term, although a deputy may run again for an Assembly seat after sitting out a term. The prohibition was officially recognized as unconstitutional in April 2004, allowing Óscar Arias to run for President a second time in the 2006 Costa Rican presidential elections, which he won with approximately a 1% margin. The President of Costa Rica has limited powers, particularly in comparison to other Latin American Presidents. For example, he cannot veto the legislative budget, and thus Congress is sovereign over the year's single most important piece of legislation. On the
Costa Rica and the World Bank Costa Rica and the World Bank The World Bank and Costa Rica have had a long relationship. Costa Rica has been able to sustain a good economy and have some of the most progressive policies hen compared to other Latin American countries. The World Bank and Costa Rica have two active projects as of December 2018. The World Bank has been able coin Costa Rica as a developmental success. Although Costa Rica has been actively working on reform to better the country and has the lowest poverty rate in Central America, it still remains a third world country, due to