Wal-Mart Continues to Invest in Costa Rica

Wal-Mart Central America announced that it is investing $50 million in Costa Rica this year. The chief executive for Latin America, Craig Herkert, met with President Oscar Arias and made the announcement. He explained that most of the funds will go into another 14 supermarkets, a couple of large ones and a majority of small outlets throughout the country. Wal-Mart's corporate matters director here, Aquileo Sanchez, said that this will mean that the firm will open another 1,500 jobs, taking to 9,000 the current payroll here.