Laura Fernandez, Costa Rica's next president, is set to continue the populist policies of her predecessor, Rodrigo Chaves. Fernandez, a former political advisor and minister, secured victory with promises of constitutional reforms and the potential suspension of civil liberties to combat rising crime, mirroring strategies seen in other Central American nations like El Salvador.

Fernandez's win signals a shift towards a new political era, aiming to build a "third republic." This move follows Chaves's policies, including a hard-line approach to crime, which has garnered both support and criticism. Critics have raised concerns about her autonomy, labeling her a "puppet" of the current administration.

Her focus on security and potential limitations on civil liberties could impact the business environment. Costa Rica's economy, heavily reliant on tourism and foreign investment, may face uncertainty if these policies are enacted. Investors will watch how Fernandez balances her agenda with the need to maintain economic stability.

Her approach is drawing comparisons to El Salvador's President Nayib Bukele, known for his tough stance on crime. The future of the country's economic and social landscape will depend on how Fernandez navigates these complex issues. The country's second female president, following Laura Chinchilla, faces substantial challenges.