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 Rica for quite some time. With the first project being in 1956, the World Bank was able to maintain buildings within the country until 1990. The World Bank office in San Jose had closed in 1990 due to unwelcoming political climate at the time. Costa Rica shifted to ecomarket projects, since environmentally cautious policies was important within this country, but at the time the World Bank had no presence. These events all lead to the World Bank making another effort to support Costa Rica and try to reenter. The World Bank entering back into Costa Rica was an easy decision